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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
500 jobs Number of planned job creations
Announcement Date
21 September 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2011
Description
Slovenian steel industry (Slovenska industrija jekla, SIJ), the state-owned group producing steel and steel products, has announced that it is to create approximately 290 new jobs at its subsidiary company Acroni in Jesenice and other 210 at Metal in Ravne. The recruitment process will conclude by the end of 2011.
SIJ underwent a very long, difficult and expensive restructuring programme sponsored by the Slovenian government. In the recent period the group recorded a high growth and good financial performance. In 2005 its sales were about EUR 469 million. The six companies of the group are to be privatised in the near future. In the next five years the group envisages considerable investments in the modernisation of the equipment, reduction of bottle-necks, and development of added-value products.
The plant in Metal currently employs about 1,000. The investment for the 2007-2009 period will reach EUR 110.9 million. New investments will also bring the need for new workers. Between the last quarter of 2007 and the first quarter of 2008, Metal will employ 105 new workers, out of 210 foreseen for the period until 2011.
Sources
29 September 2006: Delo
21 September 2006: Delo
18 December 2007: Delo
Citation
Eurofound (2006), Slovenka industrija jekla, Business expansion in Slovenia, factsheet number 64122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64122.
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