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.
Oravské Ferozliatinové Závody (OFZ) is the largest Slovak and Central European company producing casting alloys for the steel industry. The company has significant market shares in the European market. The lower demands of its main customers in the Czech Republic (Mittal Steel in Ostrava) and Poland have caused the current cuts in OFZ production. These customers reduced their output by 30-50% in the first half of 2005.
Eurofound (2005), Oravské Ferozliatinové Závody (OFZ), Internal restructuring in Slovakia, factsheet number 61811, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61811.