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.
LTH Castings from Škofja Loka (Gorenjska region), a producer of aluminium die-cast automotive components, such as transmission and engine components, steering and brake systems components, and other products, will start to build a new plant in August 2017. One part of the new plant will already operate in the beginning of 2018 and 380 workers will be hired in the first half of next year. Increased demand for its products among automotive producers such as Daimler, BMW, Wabco, Continental, and Bosch induced the company to expand production. The new plant in Škofja Loka will be the sixth of the already existing plants in Slovenia, Croatia and Macedonia.It will employ 380 employees, 100 in tool shop, 220 in processing and 60 in administration. LTH Castings currently has 2,650 employees all together.
Eurofound (2017), LTH Castings, Business expansion in Slovenia, factsheet number 91421, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91421.
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