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
120 jobs Number of planned job creations
Announcement Date
9 May 2014
Employment effect (start)
1 October 2014
Foreseen end date
31 December 2014
Description
Korea Fuel-Tech Company will establish its new plant in Rajec where 120 jobs will be created till the end of 2014. The South Korean Company will produce plastic parts for the automotive industry, particularly for the nearby KIA in Zilina. Fuel-Tech plans to invest more than €8 million and create additional 120 jobs in the next two years.
Sources
9 May 2014: SME
9 May 2014: Hospodárske noviny
Citation
Eurofound (2014), Korea Fuel-Tech, Business expansion in Slovakia, factsheet number 77036, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77036.
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