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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
150 jobs Number of planned job creations
Announcement Date
1 August 2005
Employment effect (start)
1 January 2006
Foreseen end date
Description
Burgmaier, the German company which acts as a subcontractor for German motorcar producers decided to establish its subsidiary in Slovakia. With a 24% unemployment rate in the region where the new investment is planned to be located, the company assumes to receive some investment stimulus from the Slovak government. In 2005 the company will invest around €7 million to build a new production plant there. This investment is planned even to be increased to € 15 million till the end of 2014. Up to 300 employees would be employed in the subsidiary at that time.
Sources
1 August 2005: SME
Citation
Eurofound (2005), Burgmaier, Business expansion in Slovakia, factsheet number 62086, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62086.
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