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.
Iskra Avtoelektrika, currently employing approximately 1,700 employees, manufactures products for the automotive and mobile hydraulics industries (alternators, starter motors, integrated flywheel starters, mechatronics, electric motors, electronic controllers etc.). During 2006, the company launched new R&D (laboratories) and production facilities for the manufacturing of electro-motors for steering wheels (‘Mechatronics programme’), which altogether led to an increase in the number of employees by 300. In January 2007, Iskra Avtoelektrika signed a new contract with German company ZF Lenksysteme for the same products, which will create additional 40 jobs.
Eurofound (2007), Iskra Avtoelektrika, Business expansion in Slovenia, factsheet number 64778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64778.