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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
1,700 jobs Number of planned job creations
Announcement Date
11 December 2006
Employment effect (start)
1 March 2008
Foreseen end date
Description
Yazaki Wiring Technologies management decided to expand its business in Slovakia. The company will establish its next production plant in East Slovakian Michalovce, where it has been operating since mid 1990s. The current workforce will increase to around 3,400 employees. Aside from these direct new jobs, Yazaki provides several hundreds of jobs for its subcontractors (e.g. Jas-Elmont Snina, Tesla Stropkov), too.
Sources
11 December 2006: Hospodárske noviny
Citation
Eurofound (2006), Yazaki Wiring Technologies, Business expansion in Slovakia, factsheet number 64641, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64641.
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