Iskratel

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Gorenjska
Location of affected unit(s)
Kranj
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.9 - Manufacture of other electrical equipment
27.90 - Manufacture of other electrical equipment
120 jobs
Number of planned job losses
Job loss
Announcement Date
7 September 2013
Employment effect (start)
8 September 2013
Foreseen end date
31 December 2013

Description

Slovenian telecommunications equipment and solutions provider Iskratel is to cut 120 jobs by the end of 2013.

The company announced the job reduction measures as part of a cost cutting plan due to the unfavourable market conditions. In addition to the restructuring, wage cuts will be implemented for the remaining staff.

Iskratel currently employs 954 people: 700 in Kranje (Gorenjska region) and 254 abroad.

For information on previous restructurings see Iskratel-2009 and Iskratel-2006.

Sources

  • 7 September 2013: Finance

Citation

Eurofound (2013), Iskratel, Internal restructuring in Slovenia, factsheet number 75859, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75859.