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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.29 - Manufacture of other plastic products
370 jobs Number of planned job losses
Announcement Date
24 January 2018
Employment effect (start)
1 April 2018
Foreseen end date
30 September 2018
Description
Giesecke Devrient Mobile Security Slovakia, a subsidiary of a German firm Giesecke & Devrient is about to close its factory in Nitra. Redundancies take effect in April 2018 and will concern 370 employees. The company manufactures identity cards, payment cards, passports and SIM cards. The production will be finished in September 2018 and the company plans to end its activities in Slovakia by February 2019. The closure is related to the development of card production market worldwide which has forced the company to adjust to the increased level of competition.
Sources
24 January 2018: Trend.sk
1 December 2017: SME
Citation
Eurofound (2018), Giesecke Devrient Mobile Security Slovakia, Closure in Slovakia, factsheet number 93146, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93146.
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