Yazaki Wiring Technologies, Slovakia

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Východné Slovensko; Košický kraj
Location of affected unit(s)
Michalovce
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
360 jobs
Number of planned job losses
Job loss
Announcement Date
19 March 2021
Employment effect (start)
19 March 2021
Foreseen end date

Description

Yazaki Wiring Technologies Slovakia, producer of automotive components, started with dismissal of employees in its factory in Michalovce. Redundancies are attributed to lower production of wire harnesses for Mercedes Benz Company as well as to the contract with BMW, which ended in 2020. In addition, the Covid-19 pandemic has led to a decreased demand for the company's products. In total, 360 jobs out of total 880 will be cancelled in Michalovce. According to the chair of the local trade union, the management agreed on a severance pay to dismissed workers in amount above the Labour Code standards.

Sources

Citation

Eurofound (2021), Yazaki Wiring Technologies, Slovakia, Internal restructuring in Slovakia, factsheet number 104040, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104040.