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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.9 - Manufacture of other textiles
New offshoring locations
857 jobs Number of planned job losses
Announcement Date
16 May 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Avent Slovakia, which produces sterile blankets and coats for the health care sector in Piešťany will close its plant and dismiss all 857 employees by the end of 2008. According to the CEO, Vladimír Zelenay, the closure is caused by increasing local labour costs and strengthening of the SKK/US Dollar exchange rate, which worsened the competitiveness of the production. Production will be delocalised to China where local labour costs allow better competitiveness of products in the global market. Avent Slovakia is a subsidiary of American giant Kimberly-Clark Corporation.
Sources
16 May 2008: Hospodárske noviny
16 May 2008: SME
Citation
Eurofound (2008), Avent Slovakia, Offshoring/Delocalisation in Slovakia, factsheet number 66633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66633.
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