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.
Semič-based Iskra Kondenzatorji, a company owned by Slovenian Iskra Holding, has announced that it is to cut 720 jobs (out of 800) due to the sharp decrease of orders. The job losses will be implemented by June 2009.
50 of the dismissed workers were employed on a temporary agency contract and another 30 were on fixed-term contracts. The company also reduced the weekly working time from 42 to 36 hours. Lower salaries due to shorter working time will be compensated by a government anti-recession scheme which amounts to EUR 60 per employee on a monthly basis.
Iskra Kondenzatorji operates in the manufacture and development of computers, printers, refrigerators and other household appliances.
Eurofound (2009), Iskra Kondenzatorji, Internal restructuring in Slovenia, factsheet number 67762, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67762.