Major Slovak Furniture Manufacturer Decodom Seeks Court Protection from Creditors

Decodom, one of Slovakia's largest furniture manufacturers, has filed for court protection from creditors, marking the second time the company has sought such relief after previously doing so during the COVID-19 pandemic. The Topoľčany-based company owes over half a million euros in social insurance contributions to the state and has already dramatically reduced its workforce from 1,200 to 400 employees in recent years. The furniture maker's financial difficulties have been the subject of industry speculation for several weeks, though company management had previously denied reports of major problems.