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.
Motor vehicule parts and accessories company Cimos TAM has reduced the number of employees from 920 to 750 at its plant in Maribor in the last couple of months. Employees with fixed-term contracts and those hired via employment agencies have lost jobs. Some additional employees may lose jobs in the near future. The reason for the job cuts is reduced orders due to the economic downturn. Cimos TAM, which is located in North-Eastern Slovenia and produces flywheels, brake drums, central and compressor housings, belongs to the Cimos group.
Eurofound (2009), Cimos TAM, Internal restructuring in Slovenia, factsheet number 68144, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68144.