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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
75 jobs Number of planned job losses
Announcement Date
12 January 2007
Employment effect (start)
1 February 2007
Foreseen end date
31 December 2007
Description
The main activity of Sistemska Tehnika, a member of Viator Vektor group, was the production of armed vehicles for the Slovenian Army. During the recent period, Sistemska Tehnika developed a new type of armed vehicle hoping to get a big new order from the Slovenian Army (app. 263 million EUR). The deal with the Slovenian Army has never been realized as the Army ordered the armed vehicles from Finnish company, Patria. As a result, Sistemska Tehnika is facing some difficulties. The owner, Viator Vektor group, claims that the company needs comprehensive restructuring and that approximately 20% of 325 employees will loose their jobs in this process.
The latest information - from 2007-05-09 - says that the number of employees already decreased to 290 and will be further reduced to 250 by the end of 2007.
Sources
9 May 2007: Delo
12 January 2007: Finance
12 January 2007: Delo
Citation
Eurofound (2007), Sistemska Tehnika, Internal restructuring in Slovenia, factsheet number 64725, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64725.
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