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 Austrian-owned producer of automotive lighting systems, ZKW Slovakia, based in Krusovce, lays off 148 workers out of total 2,150 employees, due to the coronavirus epidemic. ZKW management stated that none of the measures provided by the Slovak government allows the company to retain all employees by paying them 60% of their wages. The company reported a potential dismissal of 450 employees to the employment office.
According to the local trade union OZ KOVO, the mass redundancies can only be prevented by state intervention. The Confederation of Trade Unions of Slovakia consults on the issue with the government.
Eurofound (2020), ZKW Slovakia, Internal restructuring in Slovakia, factsheet number 100624, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100624.
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