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.
The Zagreb Holding is a city-owned enterprise which comprises various public services (water, sewages, cleaning, public transport and cemeteries). The company announced to the trade unions that there are 750 redundant people, mostly in the administration roles.
The financial results of the Zagreb Holding have been negative for many years. The company also faced constant critiques that it had too many employees, in particular in administrative duties.
A meeting of the Holding's management was held on 9 November 2021, and it was decided that the layoffs should start between the end of 2021 and the beginning of 2022. The management deems that there is a need to begin with measures for improving the business efficacy as well as with the reduction of administrative costs. The goal is to negotiate on the reorganisation and to resolve the surplus in the administration staff, primarily by digitalising the system.
Eurofound (2021), Zagreb Holding, Internal restructuring in Croatia, factsheet number 105590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105590.