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 29.3 - Manufacture of parts and accessories for motor vehicles
81 jobs Number of planned job losses
Announcement Date
14 November 2008
Employment effect (start)
14 November 2008
Foreseen end date
Description
Car part manufacturer Livarna Vuzenica, based in Vuzenica in Northern Slovenia is to cut 440 jobs. Due to decreased demand, which is a consequence of recent recession trends, it has already already fired 40 foreign workers and will not prolong fixed-term contracts for another 41 employees. The company, which produces flywheels, exhaust manifolds, pump housings, redactors, central housings, brake drums, etc. is part of the Slovenian group Cimos.
Sources
14 November 2008: Delo
Citation
Eurofound (2008), Livarna Vuzenica, Internal restructuring in Slovenia, factsheet number 67384, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67384.
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