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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
146 jobs Number of planned job losses
Announcement Date
21 February 2009
Employment effect (start)
1 September 2008
Foreseen end date
21 February 2009
Description
In 2008, Styria Vzmeti, a producer of fasteners, screw machine products, chain and springs, reduced its workforce by 101 workers (65 employees on fixed term contracts, 20 workers employed via employment agencies and 16 workers on permanent contracts). The company has recently announced that it is to cut another 45 jobs. The number of employees in the company will be then reduced to 115. The reason for the downsizing of employment is decrease of orders. The company is located in the town of Ravne na Koroškem in the Koroška region and is part of the Austrian based Styria Group.
Sources
24 February 2009: Delo
21 February 2009: Delo
Citation
Eurofound (2009), Styria Vzmeti, Internal restructuring in Slovenia, factsheet number 68278, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68278.
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