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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
245 jobs Number of planned job losses
Announcement Date
4 August 2009
Employment effect (start)
4 August 2009
Foreseen end date
31 December 2009
Description
Iskra Avtoelektrika, a manufacturer of electrical equipment for engines and vehicles (alternators, starter motors, integrated flywheel starters, mechatronics, electric motors, electronic controllers etc.), has announced to cut 245 jobs by the end of 2009. The cuts are blamed on the 40% decline in orders.
At present, Iskra Avtoelektrika employs 1500 employees. In mid 2008, the company employed 2000 people - see factsheet ID 13195 - meaning that total effect of economic downturn was a loss of 745 jobs. The company expects that the market situation will improve by the end of 2009.
Sources
4 August 2009: Delo
Citation
Eurofound (2009), Iskra Avtoelektrika, Internal restructuring in Slovenia, factsheet number 69342, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69342.
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