Whirlpool Slovakia

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Východné Slovensko; Prešovský kraj
Location of affected unit(s)
Poprad
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
189 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2005
Employment effect (start)
1 January 2005
Foreseen end date
31 March 2005

Description

On 3 march 2005, Whirlpool Slovakia announced a restructuring plan. Mostly workers are concerned by the lay-off. According to the CEO of Whirlpool Slovakia, redundancies are caused by a permanent strengthening of the SKK/Euro exchange rate as well as the high inflation in the country. Whirlpool Slovakia is also affected by a decrease of competitiveness in comparison with Turkish and Italian competitors.

Sources

  • 3 March 2005: SME

Citation

Eurofound (2005), Whirlpool Slovakia, Internal restructuring in Slovakia, factsheet number 61212, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61212.