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.
Strenia is a company engaged in designing, manufacturing and servicing machines for stone processing such as crushers, mills, screens and belt conveyors. Company, located in Ljubljana in the Osrednjeslovenska region and owned by S.T. Hammer, will be liquidated because of the 80% decrease in orders. All 125 employees will lose their jobs. They will receive EUR 1 million of compensation for dismissal. The liquidation process will end in four months.
Eurofound (2009), Strenia, Bankruptcy in Slovenia, factsheet number 68846, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68846.