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 24.52 - Casting of steel
269 - 240 jobs Number of planned job losses
Announcement Date
12 May 2010
Employment effect (start)
12 May 2010
Foreseen end date
31 December 2011
Description
On 1 of February 2011, the newspaper Delo announced that Acroni Jesenice, the largest Slovenian steel company located in Jesenice in the Gorenjska region, is due to cut 240 by mid May 2011. Acroni has been severely hit by the economic downturn. Consequently the number of orders sharply fell and now the company plans to reduce employment from existing 1,500 to 1,260.
Acroni is part of the Slovenska industrija jekla - SIJ (Slovenian Steel Industry) owned by Russian corporation KOKS, which acquired SIJ three years ago. One of the contractual requirements was that there should be no reduction of employment in the period of three years after the acquisition. This period now expired.
According to previous announcement of newspaper Delo in mid 2010, the company expected to cut 269 jobs of a total workforce of 1,472 by the end of 2011.
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Sources
12 May 2010: Delo
1 February 2011: Delo
Citation
Eurofound (2010), Acroni, Internal restructuring in Slovenia, factsheet number 70528, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70528.
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