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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
70 jobs Number of planned job losses
Announcement Date
30 September 2014
Employment effect (start)
1 October 2014
Foreseen end date
31 December 2014
Description
Helios is a Slovenian producer of coatings, varnishes and lacquers based in Domžale, in the Osrednjeslovenska region. The company, which has been recently acquired by Austrian Ring International, will lay off 70 employees by the end of the year. This will bring the total number of employees down from existing 1,252 to 1,182. The reason for these dismissals is business deterioration due to falling sales in 2014. Between February and April 2014, Helios already laid off 120 employees (see FS 76787).
Sources
30 September 2014: Delo
Citation
Eurofound (2014), Helios, Internal restructuring in Slovenia, factsheet number 77659, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77659.
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