Giesecke Devrient Mobile Security Slovakia

Type
Closure
Country
Slovakia
Region
Slovensko; Západné Slovensko; Nitriansky kraj
Location of affected unit(s)
Nitra
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.7 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
26.70 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
370 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/93146.