Type
Business expansion
Country
Slovakia
Region
Vychodne Slovensko; Kosicky kraj;
Location of affected unit(s)
Kechnec
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

600 jobs
Number of planned job creations
Job creation
Announcement Date
15 June 2007
Employment effect (start)
1 July 2009
Foreseen end date
1 July 2011

Description

Italian Magneti Marelli Sistemi Elettronici, an important subcontractor of Fiat, has announced that it is to create up to 600 new jobs by developing a new production plant in Kechnec industrial park (East Slovakia). The Greenfield investment will amount to more than 300 million SKK and production is planned to start in mid 2009. Final electronic systems for motor vehicles will be assembled there from imported components and full production capacity is expected to be reached in 2011.

According to recent information, company management decided to extend the planned investment by also building a R&D unit there. The value of the investment will increase to SKK 1.2 billion. Number of additional new jobs was not yet announced, however, about 30% of them will demand employees with university education.


Sources

  • 15 June 2007: Hospod├írske noviny
  • 25 January 2008: SME

Citation

Eurofound (2007), Magneti Marelli Systemi Elettronici, Business expansion in Slovakia, factsheet number 65507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65507.