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
54 - 60 jobs Number of planned job losses
Announcement Date
19 February 2014
Employment effect (start)
19 February 2014
Foreseen end date
30 June 2014
Description
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.
Sources
19 February 2014: Delo
Citation
Eurofound (2014), Litostroj Jeklo, Internal restructuring in Slovenia, factsheet number 76630, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76630.
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