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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
300 jobs Number of planned job creations
Announcement Date
9 January 2007
Employment effect (start)
1 August 2007
Foreseen end date
Description
Swedwood, furniture manufacturer, continues to expand its business in Slovakia. Besides its five production units already operating in the country, company management decided to build another plant in Northern Slovakia in Krásno nad Kysucou. Swedwood will invest around SKK 525 million in order to reconstruct the existing sawmill and produce wood elements for Swedwood factory in Závažná Poruba. In the second stage of the investment project wooden elements for the furniture industry and in the third stage furniture elements itself will be produced there. In total, around 300 employees would find their job there. The production is planned to start in July-August 2007. Local secondary vocational school of the wood industry will educate and train managers and craftsmen for all Swedwood production units operating in Slovakia.
Sources
9 January 2007: SME
Citation
Eurofound (2007), Swedwood, Business expansion in Slovakia, factsheet number 64761, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64761.
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