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.
Ljubljana-based steel casting manufacturer Litostroj Jeklo is to cut up to 60 of 294 jobs by the end of June 2014. This is due to a sharp decrease in sales during 2013. In 2013, sales were at half the level of sales in 2012. Moreover, the company is heavily indebted and recently entered the compulsory settlement procedure.
Litostroj Jeklo is part of the Litostroj Group.
The ERM reported on job cuts at the company already in late 2013.
Eurofound (2014), Litostroj Jeklo, Bankruptcy in Slovenia, factsheet number 76630, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76630.