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.
Fraport Slovenija, which manages the Slovenian airport Brnik in the vicinity of Ljubljana, announces that it will cut 120 jobs. The sharp decline of air traffic due to COVID-19 pandemic is the main reason for the significant reduction of the workforce. The company started to negotiate with three trade unions that oppose to dismissals claiming that government measures (the temporary lay-off and short-time scheme) could sufficiently help the company to overcome the crisis. On top of that, they claim that continued investment into passenger terminal proves that the company does not lack financial resources. The operator now employs 475 persons, so the reduction of the workforce will affect a quarter of the entire staff.
Eurofound (2020), Fraport Slovenija, Internal restructuring in Slovenia, factsheet number 100899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100899.