Type
Business expansion
Country
Slovakia
Region
Location of affected unit(s)
Žilina
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

903 jobs
Number of planned job creations
Job creation
Announcement Date
8 December 2005
Employment effect (start)
1 January 2006
Foreseen end date
30 December 2006

Description

Siemens subsidiaries in Slovakia extended their business activities and achieved a SKK 27.7 billion turnover in the 2004-2005 financial year. Company management assumes the annual turnover will keep on increasing to reach some SKK 33.5 billion in the coming period. Therefore, the management plans to increase the staff up by 903, to 8,603 employees by the end of 2006.


Sources

  • 8 December 2005: Hospodárske noviny

Citation

Eurofound (2005), Siemens, Business expansion in Slovakia, factsheet number 62252, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62252.