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.
Talum, a manufacturer of aluminium products, is currently employing 1037 people. Its production includes foundry alloys, extrusion ingots (billets), slugs and discs, and evaporators. By the end of November 2007, Talum will reduce the production of primary aluminium from 120,000 to about 85,000 tonnes by closing down Electrolysis B. The strategy of the company is to reduce the consumption of electricity. This will be achieved by decreasing the production of primary aluminium and increasing the production of secondary aluminium, as production of the latter is of much lower energy intensity. Talum is now working on a detailed programme to close down Electrolysis B. The programme will be ready by the end of February 2007. The number of jobs threatened is not yet known, but it is already clear that the fixed-term contracts of 85 employees will not be renewed.
UPDATE: On February 1, 2007, the management of Talum announced the final number of job cuts due to the closure of Electrolysis B. 140 of the 950 employees holding permanent contracts will lose their jobs. In addition, the contracts of 87 employees, whose work is based on fixed-term contracts, will not be renewed. Thus, the total job loss will be 227. The company management says it will try to find soft measures for the redundant employees.
Eurofound (2007), Talum, Internal restructuring in Slovenia, factsheet number 64777, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64777.
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