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
350 jobs Number of planned job creations
Announcement Date
14 January 2005
Employment effect (start)
1 June 2006
Foreseen end date
31 January 2007
Description
Johnson Controls, the American automotive accessories manufacturer, is to invest €20 million in Slovakia. Following investments in the Martin and Trenčín regions, the company will also establish a new subsidiary in the Southern region of Slovakia, where unemployment rates are very high. Available infrastructure and low labour cost in the region are attractive for the investor. It is assumed that the subsidiary will create an additional 100-150 jobs in the region for subcontractors. The government promised a tax break of up to 50% for a period of 10 years. Support by the Slovakian government will amount to around SKK 497 million, which is almost 50% of the total investment planned for 2005-9 by the company. The tax break alone will cost around SKK 400 million .
Sources
14 January 2005: Hospodárske noviny
28 March 2006: Hospodárske noviny
14 January 2005: SME
Citation
Eurofound (2005), Johnson Controls International Bratislava, Business expansion in Slovakia, factsheet number 61012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61012.
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