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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
170 jobs Number of planned job losses
Announcement Date
17 December 2004
Employment effect (start)
1 January 2005
Foreseen end date
31 January 2005
Description
Yazaki Company management decided to close one of its production units in Slovakia. All 520 employees are redundant, however 350 of them can get job in the nearby Yazaki plant in city of Prievidza. Company management promised to provide daily return transport of the employees from Partizánske free of charge. According to the management representatives, increasing internal competition between Yazaki production units in Slovakia caused the staff reduction.
Sources
17 December 2004: SME
18 December 2004: Pravda
Citation
Eurofound (2004), Yazaki Wiring Technologies Slovakia, Internal restructuring in Slovakia, factsheet number 60926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60926.
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