Gallai&Wolf

Type
Business expansion
Country
Slovakia
Region
Stredne Slovensko; Banskobystricky kraj;
Location of affected unit(s)
Klenovec
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.
253 jobs
Number of planned job creations
Job creation
Announcement Date
13 July 2011
Employment effect (start)
1 February 2012
Foreseen end date

Description

Gallai&Wolf plans to expand its business to Slovakia and invest about 10 million euro in Klenovec nearby Rimavska Sobota, a region with the highest unemployment rate (37%) in the country. At least 253 new jobs will be created at the new plant which will produce bridge bearings. The plant will be operational in early 2012 when the new jobs are also expected to be created. 

Sources

  • 13 July 2011: Hospodárske noviny

Citation

Eurofound (2011), Gallai&Wolf, Business expansion in Slovakia, factsheet number 72203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72203.