Type
Business expansion
Country
Slovakia
Region
Vychodne Slovensko; Kosicky kraj;
Location of affected unit(s)
Michalovce
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

1,500 jobs
Number of planned job creations
Job creation
Announcement Date
16 April 2007
Employment effect (start)
1 April 2008
Foreseen end date
31 March 2011

Description

Previously Yazaki Wiring Technologies management announced it would create 3200 jobs and invest 500 million SKK at its plant in Michalovce by the end of 2007, however this has been changed to a creation of 1500 jobs and an investment of 1.7 billion. The company currently produces motor car cables for Ford and employs 1800 people at the plant and the increase in jobs and investment is to cater for the production of cables for BMW. 500 of the new jobs have now been filled and the next 400 jobs will be created by the end of 2008. The further 600 jobs are planned for the next three years.


Sources

  • 21 April 2008: Hospod├írske noviny
  • 16 April 2007: SME

Citation

Eurofound (2007), Yazaki Wiring Technologies, Business expansion in Slovakia, factsheet number 65283, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65283.