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.
The HSE Group is the largest producer and trader with electricity on the wholesale market in Slovenia. The hydropower plants, thermal power plants and a coalmine united into a single brand name – the HSE Group – together produce a large share of electricity in Slovenia. The chief management staff of HSE in Ljubljana, Osrednjaslovenska region, announced considerable lay-offs until 2018. Construction costs of a new coal based thermo power plant in Šoštanj considerably exceeded planned investments, so the company decided to decrease its labour costs by making 600 workers redundant in the next three years.
In response to company’s announcement in November 2015, the trade union from hydroelectric power plants, Dravske elektrarne Maribor (DEM), organized a protest. Trade union assesses that such a reduction of workforce may endanger the normal operation of power plants. In the case of DEM, half of employees to be dismissed will be retired.
Eurofound (2015), HSE, Internal restructuring in Slovenia, factsheet number 85795, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85795.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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