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 Basic Metals 24.52 - Casting of steel
50 - 60 jobs Number of planned job losses
Announcement Date
11 October 2013
Employment effect (start)
11 October 2013
Foreseen end date
11 April 2014
Description
Ljubljana based steel castings manufacturer Litostroj Jeklo, part of the Litostroj Group, is to cut 50-60 jobs by the end of 2013. The cuts will be done via the non-renewal of existing fixed-term employment contracts.
As announced, the cost- cutting restructuring is due to the reduced volume of orders and the financial difficulties that the company is facing.
According to the sources, in the recent years the company made investments financed by short-term loans that now is unable to pay back, especially since the banks do not approve a loan reprogramming.
Sources
11 October 2013: Finance
Citation
Eurofound (2013), Litostroj Jeklo, Internal restructuring in Slovenia, factsheet number 76009, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76009.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
