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.
Cimos, an international Slovenian manufacturer of auto parts, has announced plans to lay off around 100 employees in Slovenia and Croatia. Specifically, 40 directors are expected to be affected in Slovenia, and around 60 employees in Croatia. The decision to reduce workers is a response to the decline in demand in international markets.
According to information available, the decision was made by the management without consultations with the works council. In 2022, the company was acquired by the German holding Mutares.
Eurofound (2023), Cimos, Internal restructuring in European Union, factsheet number 200547, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200547.