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.
Radio-television Slovenia (RTV – Radio Televizija Slovenija) is a public institution in the field of radio and television activities, i.e. it is the Slovenian national radio and television operator. RTV has been in financial problems for years, constantly producing losses, which have then been covered by increasing compulsory subscription fees. That is why RTV has launched a comprehensive internal restructuring programme, which includes 20 million Euros as an additional investment. One of the identified problems of RTV is the high number of employees. The programme explicitly mentions that “excessive number of employees is, seemingly, for years the central reason for the financial and development stagnation” of the institution. The number of employees will be reduced from current 2,154 to 1,997 by the end of 2007. Job reduction measures will be mostly of a soft nature. The company is planning to spend 835,000 Euro for early retirement of the affected employees.
By the end of October 2007, RTV implemented 134 job losses, almost exclusively through retirements. RTV plans a further reduction of its employees by 100, also through retirements, by the end of 2008.
Eurofound (2007), Radio Televizija (RTV) Slovenija, Internal restructuring in Slovenia, factsheet number 65032, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65032.
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