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 national telecoms operator Hrvatski Telekom is to dismiss 250 employees. Hrvatski Telekom is committed to managing the restructuring in a socially responsible manner.
The company has reached an agreement with the unions on increased severance payments, compared to the level of severance payments laid out in the provisions of the collective agreement. The severance payments are, therefore, on average, approximately 30% higher than those specified in this agreement and will apply to all 250 affected employees.
Retraining programs, counselling and job search assistance have been made available to the affected employees. These support activities have been initiated in line with the Labour Act and the collective agreement.
Eurofound (2015), Hrvatski Telekom, Internal restructuring in Croatia, factsheet number 79162, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79162.
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