Type
Business expansion
Country
Slovakia
Region
Stredne Slovensko; Banskobystricky kraj;
Location of affected unit(s)
Kremnicke Bane
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25.4 - Manufacture of weapons and ammunition

300 jobs
Number of planned job creations
Job creation
Announcement Date
15 January 2013
Employment effect (start)
15 January 2013
Foreseen end date

Description

Slovak Sitno Holding is to create about 300 new jobs at its factory in Kremnicke Bane.

The business expansion is attributed to a new contract with a Czech Gun Factory in Uherský Brod. The factory in Kremnické Bane will produce hand-guns and some components of other weapons produced by the Czech Company, which is selling them world-wide in 85 countries.


Sources

  • 15 January 2013: Hospodárske noviny

Citation

Eurofound (2013), Sitno Holding, Business expansion in Slovakia, factsheet number 74814, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74814.