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
500 jobs Number of planned job creations
Announcement Date
18 April 2007
Employment effect (start)
1 January 2008
Foreseen end date
Description
The Management of the American Lear Corporation Michigan announced its intention to invest in Slovakia. In order to establish its new production plant in Prešov the Company will invest around 2 billion SKK there. The investment is a response to the continuous boom of the automotive industry in the country. According to Lear Corporation Vice-president, Mr. James Brackenbury, the workforce available, the attractiveness of the region and the possibility to expansion in the region were the most important factors taken into account at the decision. Local municipality will support the investment by infrastructure, retraining of workforce and its transport. Motorcar seats will be produced in the new plant. At least 500 new jobs will be created at the first stage of the investment.
Sources
18 April 2007: Pravda
18 April 2007: Hospodárske noviny
18 April 2007: SME
Citation
Eurofound (2007), Lear Corporation, Business expansion in Slovakia, factsheet number 65241, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65241.
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