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.
Revoz, a Slovenian car manufacturer based in Novo Mesto and subsidiary of Renault, announced that 450 agency workers will lose their jobs in March 2015. These workers were hired in the beginning of October last year as a consequence of an expansion in production due to the launch of the new Twingo model. Nowever, the demand for the new car in the beginning of 2015 has not met the expectations, so the management decided to stop a night shift and return to a two-shifts production. Consequently, the number of employees will decrease from the existing 2,870 to 2,420.
Eurofound (2015), Revoz, Internal restructuring in Slovenia, factsheet number 78264, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78264.