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 (19) Manufacture of coke and refined petroleum 19.2 - Manufacture of refined petroleum products and fossil fuel products 19.2 - Manufacture of refined petroleum products and fossil fuel products
300 jobs Number of planned job creations
Announcement Date
3 August 2005
Employment effect (start)
1 August 2005
Foreseen end date
Description
After Petrochema Dubová Company, one of the major chemical company in Slovakia went through a radical restructuring causing reductions in production and staff , Czech Annectis Company bought Petrochema in April 2005. The company currently produces different types of gearbox and motor oils. Around 80% of the previously dismissed staff returned back to the company.
Sources
3 August 2005: Hospodárske noviny
Citation
Eurofound (2005), Petrochema, Merger/Acquisition in Slovakia, factsheet number 62102, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62102.
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