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 Electrical Equipment 27.90 - Manufacture of other electrical equipment
120 jobs Number of planned job losses
Announcement Date
7 September 2013
Employment effect (start)
8 September 2013
Foreseen end date
31 December 2013
Description
Slovenian telecommunications equipment and solutions provider Iskratel is to cut 120 jobs by the end of 2013.
The company announced the job reduction measures as part of a cost cutting plan due to the unfavourable market conditions. In addition to the restructuring, wage cuts will be implemented for the remaining staff.
Iskratel currently employs 954 people: 700 in Kranje (Gorenjska region) and 254 abroad.
Eurofound (2013), Iskratel, Internal restructuring in Slovenia, factsheet number 75859, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75859.
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