Type
Internal restructuring
Country
Slovakia
Region
Bratislavsky kraj; Bratislavsky kraj;
Location of affected unit(s)
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

860 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2004
Employment effect (start)
1 October 2004
Foreseen end date
31 December 2004

Description

A radical internal restructuring process is going on in the state owned Slovak Power Stations. Management plans to cut the current staff by about 20% before the end of 2005. The internal restructuring is also obviously influenced by the forthcoming privatisation of the company by a foreign investor, which should be selected by the end of 2004.


Sources

  • 1 October 2004: Pravda

Citation

Eurofound (2004), Slovenské Elektrárne, Internal restructuring in Slovakia, factsheet number 60691, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60691.