Slovglass

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Poltár
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.1 - Manufacture of glass and glass products
23.13 - Manufacture of hollow glass
220 jobs
Number of planned job losses
Job loss
Announcement Date
3 June 2004
Employment effect (start)
1 April 2004
Foreseen end date
31 May 2004

Description

The Slovak traditional hollow glass producer Slovglass in Poltár dismissed 220 employees in April and May 2004. From 1,750 employees working there by the end of 2002 only 1,118 remained in June 2004. About 95% of the company's production is exported and almost 60% is sold in the US and UK markets. Redundancies were caused by increased energy prices in Slovakia and by the strengthening of the Slovak crown exchange rate with regard to the US dollar and British pound.

Sources

  • 3 June 2004: Hospodárske noviny
  • 3 June 2004: Pravda

Citation

Eurofound (2004), Slovglass, Internal restructuring in Slovakia, factsheet number 60400, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60400.