Restructuring events
European Restructuring Monitor (ERM)
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.
Odevné závody kapitána Nálepku (OZKN), a Slovak textile firm that produces apparel for men and is based in Prešov, has been declared bankrupt and will subsequently dismiss its 440 employees. The firm attributes the bankruptcy to its high operational costs and the fact that its main customer, Spanish textile company Induyco, have decided to end their contract with OZKN in favour of a new contact with a Chinese firm. The Prešov site is due to close by the end of 2007.
Eurofound (2007), OZKN, Bankruptcy in Slovakia, factsheet number 65921, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65921.