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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
120 jobs Number of planned job losses
Announcement Date
18 November 2014
Employment effect (start)
19 December 2014
Foreseen end date
31 December 2014
Description
Termoelektrarna Trbovlje (TET) is a coal thermal power station with 160 employees which is located in Trbovlje in Zasavska region. TET has been having liquidity problems for quite some time because the market price of electricity is not high enough to cover production costs. Indeed, the power plant produces an estimated loss of EUR 1 million per month. Negotiations to sell TET to a Swill based company did not come to a successful end. As a result, the majority owner Holding slovenske elektrarne (HSE) decided to liquidate TET. Of 160 employees, 40 will be reallocated within HSE, while 120 will lose their job.
Sources
18 November 2014: Delo
Citation
Eurofound (2014), Termoelektrarna Trbovlje (TET), Closure in Slovenia, factsheet number 77871, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77871.
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