Styria Vzmeti

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Vzhodna Slovenija; Koroška
Location of affected unit(s)
Ravne na Koroškem
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
146 jobs
Number of planned job losses
Job loss
Announcement Date
21 February 2009
Employment effect (start)
1 September 2008
Foreseen end date
21 February 2009

Description

In 2008, Styria Vzmeti, a producer of fasteners, screw machine products, chain and springs, reduced its workforce by 101 workers (65 employees on fixed term contracts, 20 workers employed via employment agencies and 16 workers on permanent contracts). The company has recently announced that it is to cut another 45 jobs. The number of employees in the company will be then reduced to 115. The reason for the downsizing of employment is decrease of orders. The company is located in the town of Ravne na Koroškem in the Koroška region and is part of the Austrian based Styria Group.

Sources

  • 24 February 2009: Delo
  • 21 February 2009: Delo

Citation

Eurofound (2009), Styria Vzmeti, Internal restructuring in Slovenia, factsheet number 68278, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68278.