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 Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.21 - Manufacture of veneer sheets and wood-based panels
320 jobs Number of planned job creations
Announcement Date
7 December 2005
Employment effect (start)
1 September 2006
Foreseen end date
Description
Swedwood plans to open its fourth production unit in Slovakia - aside from plants operating in Malacky, Závažná Poruba and Trnava. The €16 million new investment is aimed at establishing a new production manufacturing around 25 million square meters of wood veneer sheets per year. Local municipality welcomes the investment, which will allow low-skilled unemployed to be hired.
Sources
7 December 2005: Hospodárske noviny
7 December 2005: SME
Citation
Eurofound (2005), Swedwood Slovakia, Business expansion in Slovakia, factsheet number 62594, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62594.
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