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
500 jobs Number of planned job creations
Announcement Date
27 March 2018
Employment effect (start)
1 August 2018
Foreseen end date
Description
Brose, a German car components manufacturer, is to expand its business in Slovakia by completing the second stage of its new factory in Prievidza. New investment worth EUR 50 million would be completed by August 2018. According to Brose Prievidza agent, the new plant will focus more on development and should create between 400 and 500 new jobs there. The first phase of Brose's investment (worth the same amount) was completed at the end of 2016. About 600 people have been working there. Each plant stretches on around 19,000 m2 of space. Besides Slovakia, Brose is also recruiting new employees from Germany and other EU countries.
Sources
27 March 2018: TERAZ.SK
27 March 2018: 24hodin online
Citation
Eurofound (2018), Brose Prievidza, Business expansion in Slovakia, factsheet number 93764, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93764.
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