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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.22 - Manufacture of assembled parquet floors
500 jobs Number of planned job creations
Announcement Date
27 May 2016
Employment effect (start)
1 August 2016
Foreseen end date
Description
Mr. Elvio Florian, the owner of the Italian wood production group Florian, and proprietor of Elda Drvo in Croatia, announced at the meeting at the Economic Chamber of Zagreb the new investment plan that his group has for Croatia. According to the plan, the Group will invest €25 million in the City of Vukovar to open a new factory for parquet flooring, the installation of cogeneration and the production of pellets, which will employ around 500 new people. Five to six smaller companies will also be contracted which could lead to further job creation in the wood sector.Â
Elda Drvo wants to establish a cooperation with sawmills and other companies that work in the wood sector. The company stated that it guarantees product competitiveness because the firm is present in many markets in the world. In Croatia, the firm achieved an increase in revenues of almost 8 percent in the last few years.Â
Updated, 27/11/2016; Florian Group, owned by the Italian businessmen Stefan and Elvi Florian, is planning on moving forward with its investment in Vukovar despite news that the plans have been halted by the Croatian national forestry company Hrvatske Sume. According to Hrvatske Sume’s President, Ivan Pavelic, Elda Drvo will not be able to obtain the raw materials of 80,000 cubic metres of wood needed to move forward with the project. However, in spite of this, the company has announced that it will continue with its plans.
Sources
27 May 2016: Poslovni.hr
17 November 2016: Poslovni.hr
Citation
Eurofound (2016), Elda Drvo, Business expansion in Croatia, factsheet number 87650, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87650.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
