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 Tobacco Products Manufacture Of Tobacco Products 12 - Manufacture of tobacco products
300 jobs Number of planned job losses
Announcement Date
27 April 2004
Employment effect (start)
Foreseen end date
30 April 2004
Description
The British Imperial Tobacco Group decided to close the production unit of its subsidiary — the Slovak International Tabak, in Spišská Belá. The last 300 employees left the unit on 27 April 2004. The closure, which is part of the Imperial Tobacco Group's European restructuring programme, will increase the 27% unemployment rate in the region. Some German, Italian and South Korean companies already showed their interest to buy the closed production unit. Their intention would be to run a business in the light industry field.
Sources
27 April 2004: Hospodárske noviny
Citation
Eurofound (2004), Slovak International Tabak (S.I.T.), Closure in Slovakia, factsheet number 60356, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60356.
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