Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2005), Unomedical Slovakia, Business expansion in Slovakia, factsheet number 61781, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61781.