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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
650 jobs Number of planned job creations
Announcement Date
26 September 2006
Employment effect (start)
Foreseen end date
31 December 2008
Description
American TRW Automotive Holdings' management decided to invest in Slovakia. A greenfield investment will amount to SKK 0.9 billion and the new factory will produce components for the expanding automotive industry in central and eastern Europe. The factory's construction will be carried out in two stages. In spring 2007, about 300 new jobs will be created in the first production hall. Additional 350 new jobs will be created after the completion of the second production hall in 2008. The list of potential customers of the new plant hasn't been completed yet. However, Hyundai/Kia Motors in Žilina and PSA Citroën-Peugeot in Trnava will be very likely on it.
Sources
26 September 2006: Hospodárske noviny
Citation
Eurofound (2006), TRW Slovakia, Business expansion in Slovakia, factsheet number 64191, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64191.
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