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.
Odelo Slovenija, which manufactures lighting equipment for the automobile industry, has made redundant 50 employees at its plant in Prebold. Since the redundancies 400 employees now work at the plant. Odelo Slovenija is a subsidiary of German based Odelo (the company recently changed its name from Schefenacker Vision Systems) and is located in Prebold in the Savinjska region. The reason for the redundancies are reduced orders. The dismissed workers were those employed via agencies and those with 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 the assistance from the government anti-recession scheme in the monthly amount of EUR 60 EUR per employee.
Eurofound (2009), Odelo Slovenija, Internal restructuring in Slovenia, factsheet number 68376, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68376.