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.
Revoz, a car manufacturer owned by French Renault, announced the dismissal of 350 of its staff, to take effect in November 2021. The decision is mainly a consequence of a shortage of chips and other component parts. Since January, the company has already lost 73 working days due to the shortage of supplies. It was therefore decided to undertake a more drastic measure in autumn 2021. From November, the production will be reduced to one and a half shift, meaning that the number of cars produced daily will decrease from 650 to 480. Among those 350 workers to be laid off, most are on fixed-term contracts, and others on open-ended contracts. Temporary agency workers were dismissed in previous restructurings. The company trade union is involved in the preparation of the collective dismissal plan.
For previous Revoz restructuring cases, consult Revoz-SL-2021, Revoz-SL-2020 and Revoz-SL-2020.
Eurofound (2021), Revoz, Internal restructuring in Slovenia, factsheet number 105440, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105440.