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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
150 jobs Number of planned job losses
Announcement Date
21 April 2009
Employment effect (start)
21 April 2009
Foreseen end date
Description
Telecommunication equipment company Iskratel located in Kranj in the Gorenjska region, is to dismiss 150 workers and has reduced wages by 10%. Sales have been decreasing for several years, i.e. from EUR 188 million in 2007, to EUR 130 million in 2008. This year, the company will face a further drastic 60% decrease of sales due to reduced orders from Slovenia and Ukraine. Iskratel, which currently employs 1,000 people, mainly produces switching systems for telephone networks.
Iskratel also has 350 employees in entities outside Slovenia of which 100 will be dismissed.
Sources
21 April 2009: Finance
Citation
Eurofound (2009), Iskratel, Internal restructuring in Slovenia, factsheet number 68731, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68731.
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