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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.3 - Manufacture of wiring and wiring devices
New offshoring locations
Romania
398 jobs Number of planned job losses
Announcement Date
29 July 2015
Employment effect (start)
31 July 2015
Foreseen end date
Description
Japan Sumitomo Electric Wiring Systems subsidy, SEWS Slovakia, closed its plant in Topolčany. The company notified the mass dismissal of all 398 employees to the local labour office. According to SEWS Slovakia CEO, Mike Lawson, the decision is attributed to price competition and difficulties to keep production costs under control. Production activities will be offshored to Romania.
Sources
29 July 2015: Hospodárske noviny
28 July 2015: Novy cas
Citation
Eurofound (2015), SEWS Slovakia, Offshoring/Delocalisation in Slovakia, factsheet number 84409, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84409.
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