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.
Unior, a Slovenian manufacturer of hand-tools, has reduced employment by 234 at its plant in Zreče.
Due to economic downturn and reduced orders, the company reduced the number of employees by 234 (from 2426 to 2192), in the last quarter of 2008. The number of employees was reduced by "soft methods", i.e. by retirements and by not prolonging fixed-term employment contracts. In January and March 2009, Unior introduced shorter working days, first to 36 and then to 32 hours, for 1760 employees. In July 2009, the company introduced another measure for the protection of jobs, i.e. 465 employees are currently "on waiting" at home. Both measures - shorter working days and "waiting" - are subsidised by the government's anti-recession measures.
Eurofound (2009), Unior, Internal restructuring in Slovenia, factsheet number 69226, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69226.