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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
60 jobs Number of planned job losses
Announcement Date
14 August 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
Elektroconnect Company, a subsidiary of French Nexans Autoelectric group, will dismiss 60 out of 300 employees in Gelnica, Slovakia.
The company produces wire harnesses for agriculture and construction machines. Redundancies, which are due to a significant decline in orders for the second half of 2012, contribute to an already difficult situation in the region with a 22% unemployment rate.
Sources
14 August 2012: Hospodárske noviny
Citation
Eurofound (2012), Elektroconnect, Internal restructuring in Slovakia, factsheet number 74034, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74034.
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