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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
178 jobs Number of planned job creations
Announcement Date
31 March 2006
Employment effect (start)
Foreseen end date
31 December 2007
Description
Dutch company CMF Group will invest around € 3 million in the next three years to expand its Slovakian subsidiary. CMF Slovakia will produce sheet metal based welding constructions using CNC-cutting, welding and other modern technologies. According to CMF Slovakia CEO Ben Beljaars, 'the new production plant will produce a wide range of modern steel parts used in production of machines and engines with high added value, e.g. high-lift trucks and trailers. The plant could provide an even wider range of products if needed'. Currently, the subsidiary employs 22 workers working in a single shift. The number of employees is said to increase to 50 by the end of 2006 and to to 200 by the end of 2007.
Sources
31 March 2006: Hospodárske noviny
Citation
Eurofound (2006), CMF Slovakia, Business expansion in Slovakia, factsheet number 63287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63287.
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