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.
Termoelektrarna Trbovlje (TET) is a coal thermal power station with 160 employees which is located in Trbovlje in Zasavska region. TET has been having liquidity problems for quite some time because the market price of electricity is not high enough to cover production costs. Indeed, the power plant produces an estimated loss of EUR 1 million per month. Negotiations to sell TET to a Swill based company did not come to a successful end. As a result, the majority owner Holding slovenske elektrarne (HSE) decided to liquidate TET. Of 160 employees, 40 will be reallocated within HSE, while 120 will lose their job.
Eurofound (2014), Termoelektrarna Trbovlje (TET), Closure in Slovenia, factsheet number 77871, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77871.