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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18 - Printing and reproduction of recorded media
200 jobs Number of planned job creations
Announcement Date
26 October 2006
Employment effect (start)
1 April 2007
Foreseen end date
31 December 2010
Description
Victor Buck Group, Luxembourg-based printing company, will run its business also in Slovakia. The Greenfield investment in amount of EUR 12.5 million is aimed at company's expansion in the central and east European region. Company management plans to create around 200 new jobs till the end of 2010. The majority of new employees will work as operators of printing machines. The production is to be launched in April 2007. Victor Buck Company representatives negotiate possible provision of a state aid (e.g. allowances for creation of new jobs, tax holiday, subsidies for training of new employees) with the Slovak Government. The outcomes of the negotiations are not yet available.
Sources
26 October 2006: SME
Citation
Eurofound (2006), Victor Buck Group, Business expansion in Slovakia, factsheet number 64307, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64307.
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