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 Other Manufacturing 32.3 - Manufacture of sports goods
100 jobs Number of planned job creations
Announcement Date
22 April 2005
Employment effect (start)
1 November 2005
Foreseen end date
28 February 2006
Description
Technogym, an Italian manufacturer of fitness equipment, has announced that it is to create 100 new jobs by expanding its plant in Malý Krtíš. The company will complete the building of a new production hall and logistics centre (including storage house) by the autumn of 2008. The plant currently employs 100 employees. The new investments will boost the company's production capacity. Technogym currently produce about 10,000 fitness equipment per year and it is the exclusive supplier of fitness equipment for the forthcoming Olympic Games in China.
Technogym is the first foreign investor to start business activities in the new industrial zone in southern Slovakia. The company will invest about SKK 300 million in the region which is suffering from high rates of unemployment (28%). The local authority expects the new industrial zone to create almost 2,000 new jobs in the long run.
Sources
2 April 2008: Hospodárske noviny
22 April 2005: SME
Citation
Eurofound (2005), Technogym, Business expansion in Slovakia, factsheet number 61542, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61542.
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