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.
FULGOR, a company manufacturing electric cables, is to cut 150 jobs at its Korinthia site.
The company announced on 5 February 2010 a reorganisation plan that envisages 150 job losses to be implemented in the following months. FULGOR has a dominant position in the sector of electric cables in Greece. The main scope of its activities is the production of most cable types, nude conductors and also copper rods - aluminum rods. FULGOR employs a total of 453 people (data of 2006) allocated to the company´s premises and to the head office in Athens. Fulgor's premises are located on a privately-owned area of 190,000 sq.m in Sousaki Korinthias, 80km west of Athens and it is the biggest industrial group in this field in Greece.
Eurofound (2010), FULGOR, Internal restructuring in Greece, factsheet number 70242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70242.