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.
Croatian state-owned rolling stock company Gredelj (Tvornica željezničkih vozila Gredelj) has announced that it will cut 212 jobs.
According to the sources, in 2012 the company has declared bankruptcy, due to a decline in overseas orders and a large reduction in orders from Croatian Railways (HZ). The sources note that from 2012 the company continued to manufacture rail vehicles, honouring existing agreements whilst still under bankruptcy conditions. A new business plan was set up to reduce costs and the redundancies are a result of this.
Eurofound (2014), Gredelj, Bankruptcy in Croatia, factsheet number 77274, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77274.