The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
New offshoring locations
Serbia
103 jobs Number of planned job losses
Announcement Date
20 February 2019
Employment effect (start)
1 April 2019
Foreseen end date
Description
The I.C.A., a textile company in Svidník, Slovakia, with Italian majority ownership, will cut about 75% of jobs and dismiss 103 employees. The notice period will not be earlier than 1 April. According to the company's CEO, this occurs due to the increasing production costs, which the company is unable to cover and creates losses. The gross monthly wages of the employees fluctuate from €500 to €600. The costly operation of the production, the needlework, will be transferred to Serbia where labour cost is lower. The trade union stated that it will assist the dismissed workers in demanding their entitlements. The remaining 34 employees will cooperate with the company in Serbia by performing complementary operations like blanking and ironing.
Eurofound (2019), I.C.A., Offshoring/Delocalisation in Slovakia, factsheet number 97172, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97172.
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