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
170 jobs Number of planned job creations
Announcement Date
31 March 2017
Employment effect (start)
31 March 2017
Foreseen end date
Description
Slovak automotive components producer, Matador Automotive, has opened its new aluminium alloy production facility in Nitra Dolne Krskany in Slovakia. Its daughter company, Matador Automotive Vrable, invested €22.40 million into the new facility where 170 new jobs have been created. The government supported the investment through a €4.9 million state subsidy. According to the President of Matador Group, Stefan Rosina, the business expansion is attributed to the increasing demand in the automotive industry. Presently, Matador manufactures parts for car producers such as Volkswagen, Porsche, Audi and Suzuki. The new facility would also like to be the supplier of Jaguar Land Rover, which is setting up a factory in the same region. Currently, Matador Automotive has 1,200 employees and a further 250 people are employed via agencies.
Sources
31 March 2017: TERAZ.SK
3 April 2017: Hospodárske noviny
Citation
Eurofound (2017), Matador Automotive, Business expansion in Slovakia, factsheet number 90680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90680.
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