Restructuring events
European Restructuring Monitor (ERM)
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.
On 27 September 2017, ZF Slovakia, the subsidiary of German automotive supplier ZF, has laid the cornerstone of its new production plant in Sahy. The company will create about 400 new jobs in the new plant where automotive absorbers will be produced. ZF will invest around €12million to the new plant which will spread on 10,000 m2. The production is planned to begin on 1 March 2018. ZF Slovakia employs about 2,500 employees in plants in Levice and Trnava. The unemployment is a serious problem in Sahy region, and Stefan Gregor, the Major of Sahy, welcomes the new plant to Sahy where school dropouts and skilled workers could benefit from new job opportunities.
Eurofound (2017), ZF Slovakia, Business expansion in Slovakia, factsheet number 92232, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92232.