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.
Slovenske železnice (Slovenian Railways) have been a big loss maker for years and as a result of the cost-cutting measures, 450 more employees will be released.
Economic crisis has further deteriorated the situation in the company. As a consequence, the company has been reducing the number of employees since 2010 (see here). At the moment, the number of employees stands at 8150 and will be reduced to 7700 by June 2013.
Many of the proposed job cuts concern senior employees, as the number of managers will be reduced. In addition, the employees will undergo salary reduction by 10-40%.
Eurofound (2013), Slovenske železnice, Internal restructuring in Slovenia, factsheet number 74799, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74799.
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