EMCC European Monitoring Centre on Change

Polzela

Company/Organisation:
Polzela

Geographic Location

Country: Slovenia
Region: Savinjska; Slovenija
Location of affected unit(s): Polzela

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
14.31 - Manufacture of knitted and crocheted hosiery
Number Employed: 400

Employment Effects

Announcement Date: 09-03-2012
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 09-03-2012
Foreseen End Date: 30-06-2012

Additional Information

Polzela, a Slovenian producer of socks and stockings for women, men and children, announced a reduction of its workforce by 100. The cuts will be implemented until summer 2012.

The company, located in the small town Polzela (Savinska region), currently faces a one third decrease of sales in 2011, leading to a loss of EUR 1.2 million. Additionally, the volume of production is only at 52% of last year's level. It is reported that the company decided to reduce employment due to these difficult economic circumstances.

The company, founded in 1927, currently employs 400 people.