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 25.72 - Manufacture of locks and hinges
230 jobs Number of planned job losses
Announcement Date
10 August 2012
Employment effect (start)
29 September 2012
Foreseen end date
28 February 2013
Description
Slovenian company Kovinoplastika Lož from Stari trg pri Ložu in Notranjsko-Kraška region is in the process of internal restructuring in which 150 of the current 830 employees will lose their jobs.
The company is a manufacturer of the buildings fittings and components for the automobile industry, as well as the hobby and Do-it-Yourself products.
Over the last years, Kovinoplastika have already reduced employment from 1,000 to the current 830.
The end date of the restructuring has not been specified.
UPDATE: 22-11-2012: According to the latest media reports, the number of redundancies will increase to 230, as by the end of February 2013 the total number of employees will be reduced to 600. So far, 191 employees have been dismissed. The dismissals are being carried out in an effort to further reduce costs.
Sources
4 September 2012: Delo
10 August 2012: Finance
22 November 2012: Delo
Citation
Eurofound (2012), Kovinoplastika Lož, Internal restructuring in Slovenia, factsheet number 74092, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74092.
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