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.
The Greek government plans to cut 800-1,000 jobs from the state-owned EAS, ELVO and LARCO.
As reported, the restructuring of the defence industries Hellenic Defence Systems (EAS) and Hellenic Vehicle Industry (ELVO) as well as of the General Mining & Metallurgical Company (LARCO) was high on the agenda at the last meeting hosted by the Greek Ministry of Finance with the representatives of Troika in Athens.
According to the sources, the plans till now envisages the restructuring of EAS and ELVO and the operation of only one warehouse among them and the privatisation of LARCO.
As announced, the term set by the Greek side is that these dismissals should be considered as part of the previously agreed plan envisaging [4,000 job cuts in the public sector by the end of 2013](https://apps.eurofound.europa.eu/restructuring-events/detail/75674.
Eurofound (2013), Public Sector, Internal restructuring in Greece, factsheet number 76142, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76142.