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 - Other manufacturing
550 jobs Number of planned job creations
Announcement Date
21 June 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
On 11 May 2006 a Slovak Government representative signed the contract according to which the Government will provide state aid to the Unomedical Slovakia that in total amounts to SKK 136 million. The state aid represents almost 39% of the total Greenfield investment of Unomedical in Slovakia. Unomedical management decided to close two plants in Denmark and establish a new production plant in Slovakia. Investment € 8.8 million will be located in Michalovce industrial zone where German Siemens and Gronbach subsidiaries operate, too. On 1 June 2006 the production in the plant has officially started. According to the plant´s financial manager Sonny Lyngso, production will continue there also during the weekends during which the employees will get higher wages.
Sources
2 June 2006: Hospodárske noviny
21 June 2005: SME
11 May 2006: Hospodárske noviny
Citation
Eurofound (2005), Unomedical Slovakia, Business expansion in Slovakia, factsheet number 61781, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61781.
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