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.
Mura is the largest wearing apparel producer in Slovenia. Due to well-known problems in the textile industry, in mid-2002 the company announced a programme of internal restructuring – ‘rationalisation and transformation of the company from a production into a fashion enterprise’ – which will employ not more than 1,500 employees in 2015. In 2002, Mura employed 5,520 people, while at the end of 2006 the number of employees will be 4,160. In 2006, the number of employees has been reduced by 265, while in 2007 the number will be further decreased to less than 4,000. Most of the job cuts have been made in form of early retirements, “soft dismissals” and “dismissals for business reasons”. By 2015, Mura will concentrate all its production in the town of Murska Sobota, where the headquarters is located. Then only small and more sophisticated collections of clothing will be produced by 800 employees at most.
Eurofound (2006), Mura, Internal restructuring in Slovenia, factsheet number 63467, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63467.
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