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.
Herz, a manufacturer of valves and sanitary fittings from Šmartno pri Litiji, is building a new production hall in Šmartno and plans to employ 100 new workers by September 2018. Herz from Šmartno is a part of the Austrian multinational company Herz which decided to expand the production facilities in Slovenia by 50%. In addition to the expansion of its production, the company is developing some products of a higher price range, the sanitary kitchen mixers as well as heating and cooling regulating systems. Most of their products are sold under their old brand names Unitas and Kovina in ex-Yugoslav countries. Herz currently employs 267 workers.
Eurofound (2018), Herz, Business expansion in Slovenia, factsheet number 93141, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93141.