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.
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.
Eurofound (2008), Livarna Vuzenica, Internal restructuring in Slovenia, factsheet number 67384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67384.