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.
Mata Automotive, a Turkish automotive component manufacturer, announced the closure of its plant in Nová Ves, near Veľký Krtíš, Slovakia, resulting in 120 job losses. The plant produced luxury wooden and carbon-fibre interior components for premium car brands, including Aston Martin and Tesla. Production will cease by the end of November 2026, with most layoffs taking effect by the end of October and a small team remaining afterward for wind-down activities.
The closure is attributed to a deteriorating European automotive market and a decline in orders. Affected employees will receive severance pay. The plant had been one of the largest employers in the region since 2017, in a district that has long faced limited job opportunities. Back in 2017, the company hired 250 employees: Mata Automotive 2017 - SK.
Eurofound (2026), Mata Automotive, Closure in Slovakia, factsheet number 300864, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300864.
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