ERA

Type
Internal restructuring
Country
Slovenia
Region
Slovenija;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
68 - Real estate activities
68.1 - Real estate activities with own property and development of building projects
68.11 - Buying and selling of own real estate
100 - 150 jobs
Number of planned job losses
Job loss
Announcement Date
24 May 2005
Employment effect (start)
Foreseen end date

Description

Due to the recent constitutional court ruling that prohibits Sunday operations for most of the trading, ERA retailing chain, present mostly in the North-East of the country, faces a 20% loss of turnover. The company envisages that up to 150 jobs will thus become redundant.

Sources

  • 24 May 2005: Dnevnik
  • 24 May 2005: Delo

Citation

Eurofound (2005), ERA, Internal restructuring in Slovenia, factsheet number 61622, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61622.