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.
Novem Žalec is part of German owned multinational company Novem (Novem Car Interior Design). The company produces various products for the interior equipment of cars in the medium and high price range. Novem Žalec produces for companies like Rover, Audi, Renault and Volvo. The activity of the unit increased considerably in 2006 due to the relocation of production from Germany and Italy. As a result of this, the number of employees has increased from 526 at the beginning of 2006 to 642 in March 2007. It is expected that the number of employees will further increase but more precise figures are not available yet.
Eurofound (2007), Novem Žalec, Business expansion in Slovenia, factsheet number 65118, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65118.