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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
125 jobs Number of planned job losses
Announcement Date
1 October 2004
Employment effect (start)
30 September 2004
Foreseen end date
1 October 2004
Description
Embraco Slovakia , which produces compressors for domestic refrigerators in Spišská Nová Ves, increased the production by 70% in 2004. All of 2.4 million units produced from January till August 2004 were sold. However, the seasonal decrease of demand for such products caused the reduction of production in the company. Only employees with fixed-term contracts and in probation period were hit by temporary dismissal.
Sources
1 October 2004: SME
Citation
Eurofound (2004), Embraco Slovakia, Internal restructuring in Slovakia, factsheet number 60656, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60656.
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