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 Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
200 jobs Number of planned job losses
Announcement Date
14 September 2010
Employment effect (start)
15 November 2010
Foreseen end date
Description
In November 2010 Hyza Company will relocate its Žilina poultry production site to TopolÄany, leading to the loss of approximately 200 employees. The remaining 50 employees will be transferred to the logistic unit in Žilina. The relocation is motivated by the desire to cut costs so that the company can compete against increasing imports of cheaper, lower quality foreign meat. Slovak poultry producers have been forced to both cut their prices and retain enough profits to be able to keep their quality of goods high and invest in technology. Hyza management has pledged to provide job counselling for dismissed employees
Sources
14 September 2010: SME
16 September 2010: Pravda
Citation
Eurofound (2010), Hyza, Relocation in Slovakia, factsheet number 70924, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70924.
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