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.
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Zvolen
Sector
Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
500 jobs Number of planned job creations
Announcement Date
28 October 2004
Employment effect (start)
1 December 2005
Foreseen end date
31 December 2008
Description
Continental Corporation decided to invest €60 million between 2004 and 2008 in Slovakia. A new production unit, Teves, will manufacture elements of car breaks for the expanding automotive industry in the region. Low local labour cost was the main decisive factor considered for the investment.
In February 2006, the Slovak Government decided to support the project by providing a state aid amounting to SKK 413.5 million.
Sources
2 February 2006: Hospodárske noviny
26 October 2004: SME
Citation
Eurofound (2004), Teves, Business expansion in Slovakia, factsheet number 60761, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60761.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...