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 Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
300 jobs Number of planned job creations
Announcement Date
1 March 2005
Employment effect (start)
30 April 2005
Foreseen end date
31 December 2005
Description
Australian Howe Leather will set up a head office for Europe and a production unit in Kosice, East Slovakia. New investment of about €1 million will produce leather seats for motor vehicles. Full production will be exported, mostly supplied to Land Rover, Audi and BMW motorcar producers. Company management expects an annual turnover of about €30 million, to be doubled before 2007.
Sources
1 March 2005: Hospodárske noviny
1 March 2005: Pravda
Citation
Eurofound (2005), Howe Leather, Business expansion in Slovakia, factsheet number 61238, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61238.
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