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.
Koloniale is a non-specialised retail and wholesale trading company, holding a 3% share of the Slovenian retail trade market. Due to heavy indebtedness, the supervisory board of the company adopted a programme of reorganisation, rationalisation and disinvestment. The programme is composed of: (a) closing down of the wholesale department with 180 employees; 100 of them will lose jobs, the others will be taken over by the retail trade part (Maxina Trgovina), (b) selling off a part of company’s real estate, including some shops at less attractive locations, (c) Agave, which now owns 33% of company’s equity will take it over entirely by the end of the year. As reported, all the legal liabilities of the employer to the dismissed employees will be respected, dismissed employees will also receive compensation for dismissal.
Eurofound (2006), Koloniale, Internal restructuring in Slovenia, factsheet number 63326, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63326.
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