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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.2 - Installation of industrial machinery and equipment
200 jobs Number of planned job losses
Announcement Date
26 September 2014
Employment effect (start)
26 October 2014
Foreseen end date
Description
Duro Dakovic Group one of biggest and well known engineering houses and main producer of various types of traffic vehicles in Croatia announced plans to make 200 employees redundant, mostly managers and administrative staff.
As reported, in October 2014, the number of companies within the group will be merged and will be reduced from eight to four. As announced, the management board prepared the development strategy till 2020 which envisages financial restructuring and optimisation of the organisational structure.
Surplus employees will be dismissed in accordance with the collective agreement. The goal of the company is to have 806 employees.
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Sources
26 September 2014: Banka.hr
Citation
Eurofound (2014), Duro Dakovic Group, Internal restructuring in Croatia, factsheet number 77606, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77606.
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