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 (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
903 jobs Number of planned job creations
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://apps.eurofound.europa.eu/restructuring-events/detail/62252.
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