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.
Hermes Softlab, a Ljubljana-based IT provider owned by Serbian ComTrade, has already cut 50 jobs and another 20 jobs will be cut by the end of August. In July 2009, Hermes Softlab employed 510 people. Now the company employs 460 people and its workforce will be further reduced to 440 employees by the end of August 2010. The job losses are due to the economic downturn that has hit the IT market in South Eastern Europe where ComTrade operates.
Eurofound (2010), Hermes Softlab, Internal restructuring in Slovenia, factsheet number 70620, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70620.