Type
Other
Country
Slovakia
Region
Stredne Slovensko; Zilinsky kraj;
Location of affected unit(s)
Istebné
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.5 - Casting of metals

257 jobs
Number of planned job losses
Job loss
Announcement Date
29 June 2005
Employment effect (start)
1 July 2005
Foreseen end date
31 December 2005

Description

Oravské Ferozliatinové Závody (OFZ) is the largest Slovak and Central European company producing casting alloys for the steel industry. The company has significant market shares on the European market. Lower demands of its main customers in the Czech Republic (Mittal Steel in Ostrava) and in Poland caused the current cuts in OFZ production. These customers reduced their production by 30-50% in the first half of 2005.


Sources

  • 30 June 2005: Hospodárske noviny
  • 29 June 2005: SME

Citation

Eurofound (2005), Oravské Ferozliatinové Závody (OFZ), Other in Slovakia, factsheet number 61811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61811.