Appointment of a special administrator on behalf of the court to rehabilitate the factory towards locating an investor.
Actions taken:
- Production – closing unprofitable production lines
- Customers – reducing number of customers with small profit potential
- Suppliers – locating new suppliers for raw materials
- Personnel – adjusting the number of employees to the sales and production capacity
- Financials – raising money for operation for the purpose of working capital
- Profit centers – every production line started operating as a profit center
End result – high profitability during the operating period and locating an investor for the factory.
