Restructuring events
European Restructuring Monitor (ERM)
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.
Continental Corporation decided to invest €60 million between 2004 and 2008 in Slovakia. A new production unit, Teves, will manufacture elements of car breaks for the expanding automotive industry in the region. Low local labour cost was the main decisive factor considered for the investment.
In February 2006, the Slovak Government decided to support the project by providing a state aid amounting to SKK 413.5 million.
Eurofound (2004), Teves, Business expansion in Slovakia, factsheet number 60761, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60761.