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 29.32 - Manufacture of other parts and accessories for motor vehicles
700 jobs Number of planned job creations
Announcement Date
17 August 2016
Employment effect (start)
1 September 2016
Foreseen end date
31 December 2019
Description
German Brose Company expands its business in Slovakia. The Company is to invest about €50 million to build a new factory Brose Prievidza where about 700-1,000 new jobs would be created. The government promised to provide state aid to the company to the amount of €12.5 million. According to the agent of Brose Prievidza, Axel Mallener, first 180-200 employees will work in administration, logistics and production in 2016. Car door components for Volkswagen group, including Audi, Porsche, Skoda and Seat, Jaguar Land Rover, BMW, Volvo, and Ford will be produced there until 2017. The second and third phases of the investment will be realised in 2017-2018. The full production capacity will be reached in 2019, when more than 700 workers will work in the new factory. The new investment is much appreciated in the region where the unemployment rate is more than 9%.
Sources
17 August 2016: Hospodárske noviny
18 August 2016: Zoznam.sk
Citation
Eurofound (2016), Brose Prievidza, Business expansion in Slovakia, factsheet number 88385, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88385.
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