# Bilkon textile company financial and labor crisis > Developing situation record from CLSTR: https://clstr.news/situations/bilkon-textile-company-financial-and-labor-crisis > Updated: 2026-11-08T15:12:54.000Z. Sources: 6. Developments: 2. The Bilkon textile company in Bileća, Bosnia and Herzegovina, is facing significant instability due to simultaneous financial and labor issues. In mid-October, the company owners filed for bankruptcy proceedings with the District Commercial Court in Trebinje, citing a decline in orders and mounting financial difficulties. The court has initiated preliminary bankruptcy proceedings and appointed Radenka Srndović as a temporary administrator. Adding to the crisis, twenty-eight female workers resigned after their fixed-term contracts expired, citing dissatisfaction with working conditions and difficult daily tasks. Director Gojko Vuković stated that the company will attempt to organize production with remaining staff and is meeting with foreign partners to determine the factory’s future. Founded in 2013, the company previously employed approximately 100 people and reported a loss of 125,531 KM last year. ## Timeline ### 2026-11-08: Bilkon textile company faces production uncertainty after mass resignation Twenty-eight workers resigned from Bilkon, a textile company in Bileca, citing poor working conditions, further complicating the firm's ongoing bankruptcy proceedings. 4 sources. https://clstr.news/cluster/bilkon-textile-company-faces-production-uncertainty-after-mass-resignation ### 2026-11-05: Bilkon textile company faces uncertainty as 28 workers resign Twenty-eight workers resigned from the Bilkon textile company in Bileća, citing poor working conditions, amid the firm's ongoing bankruptcy proceedings and financial struggles. 2 sources. https://clstr.news/cluster/bilkon-textile-company-faces-uncertainty-as-28-workers-resign --- Cite as: Bilkon textile company financial and labor crisis. CLSTR, https://clstr.news/situations/bilkon-textile-company-financial-and-labor-crisis