Ryoka Global Europe

Type
Closure
Country
Slovakia
Region
Slovensko; Západné Slovensko; Nitriansky kraj
Location of affected unit(s)
Nitra
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.1 - Manufacture of electronic components and boards
26.11 - Manufacture of electronic components
227 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2012
Employment effect (start)
Foreseen end date
30 November 2012

Description

Ryoka Global Europe, a manufacturer of plastic components for TV maker Foxconn Slovakia and Sony, is closing its plant in Nitra-North Industrial Park. As a result all 227 employees will be dismissed by the end of November 2012.

The closure is attributed to low efficiency of the company due to insufficient orders from Foxconn. 10 million euro was invested in the construction of the plant in 2007.

The management has pledged to pay the 13th salary, reimburse unused holidays and compensate the workers according to the Labour Code.

Sources

  • 23 October 2012: Hospodárske noviny
  • 23 October 2012: SME

Citation

Eurofound (2012), Ryoka Global Europe, Closure in Slovakia, factsheet number 74399, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74399.