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.
Electricity 35 - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply
860 - 1,000 jobs Number of planned job losses
Announcement Date
1 October 2004
Employment effect (start)
1 October 2004
Foreseen end date
31 December 2004
Description
A radical internal restructuring process is going on in the state owned Slovak Power Stations. Management plans to cut the current staff by about 20% before the end of 2005. The internal restructuring is also obviously influenced by the forthcoming privatisation of the company by a foreign investor, which should be selected by the end of 2004.
Sources
1 October 2004: Pravda
Citation
Eurofound (2004), Slovenské Elektrárne, Internal restructuring in Slovakia, factsheet number 60691, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60691.