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 24.1 - Manufacture of basic iron and steel and of ferro-alloys
80 jobs Number of planned job losses
Announcement Date
20 December 2013
Employment effect (start)
1 January 2014
Foreseen end date
Description
Manufacturer of ferro-alloys Oravské Ferozliatinové Závody (OFZ) in Istebne is to reduce its workforce by 80 staff in January 2014. The measure is due to high energy costs and low demand for the company’s products.
According to the sources, dismissed workers have low chances of being re-hired quickly as the regional unemployment rate is relatively large.
Sources
20 December 2013: Hospodárske noviny
Citation
Eurofound (2013), Oravske Ferozliatinove Zavody (OFZ), Internal restructuring in Slovakia, factsheet number 76416, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76416.
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