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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
150 - 300 jobs Number of planned job losses
Announcement Date
30 June 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Recently Cristal Bela Company in Valšská Belá took over Slovglass Company in Poltár. According to Cristal Bela CEO Mr Juraj Vaďura, the audit in Slovglass showed that restructuring is inevitable. Around 150-300 employees should be dismissed till the end of 2006. Investment in new technology is essential, too. Cristal Bela management intends to use the Slovglass capacities for expansion in the UK and USA glass markets.
Sources
30 June 2006: Hospodárske noviny
Citation
Eurofound (2006), Slovglass, Internal restructuring in Slovakia, factsheet number 63728, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63728.
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