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 Other Transport Equipment 30.2 - Manufacture of railway locomotives and rolling stock
200 jobs Number of planned job losses
Announcement Date
18 March 2015
Employment effect (start)
1 April 2015
Foreseen end date
Description
Slovak Railway Casted Components (RCC) is to dismiss 200 employees at its factory in Prakovce. Due to crisis in Ukraine the firm has problems with selling its products, stated RCC Director General, Irina Mileva. Financial difficulties resulted in not paid wages for several months. The company might have to return the state subsidy worth EUR 10million, which was provided by the Slovak Government for supporting the creation of new jobs. The company management is looking for options to retain the remaining 150 employees and assist the dismissed employees in finding jobs in the mechanical engineering sector in Slovakia.
Sources
18 March 2015: SME
18 March 2015: TERAZ.SK
Citation
Eurofound (2015), Railway Casted Components, Internal restructuring in Slovakia, factsheet number 79163, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79163.
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