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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
1,200 jobs Number of planned job creations
Announcement Date
9 March 2007
Employment effect (start)
Foreseen end date
31 December 2010
Description
The South Korean company, Samsung decided to open up its new factory in Slovakia in Voderady near Trnava, where Japanese Sony operates. Modern LCD screens will be produced there. The factory is planned to be built by the end of 2010 and the investment will reach the amount of 400 million Euro. Around 1,200 new jobs will be created in the new factory. Additionaly around 4,500 new jobs are to be created by the subcontracted supplier companies. The employment in Trnava region is expanding very quickly and the current unemployment rate is 4.2%. A new factory of the French PSA Citroën-Peugeot automotive company started recently to operate in the region.
Sources
14 March 2007: Hospodárske niviny
9 March 2007: Hospodárske noviny
9 March 2007: SME
Citation
Eurofound (2007), Samsung, Business expansion in Slovakia, factsheet number 65056, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65056.
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