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
770 jobs Number of planned job creations
Announcement Date
1 February 2005
Employment effect (start)
31 December 2006
Foreseen end date
31 December 2009
Description
French Valeo is the next company, which decided to invest in automotive business expansion in Slovakia. New production unit will manufacture different components and units of car-locking devices. Investment of more than Euro 16 million will be located in industrial zone nearby Košice. The local self-government promised to provide for necessary ground and infrastructure. Full production, which will create additional 500-1000 new jobs at subcontractors, is expected in 2009.
According to fresh information, almost 1,000 employees were working in Valeo Slovakia in hired premises in Košice in October 2006.
Sources
1 February 2005: Pravda
12 October 2007: Pravda
1 February 2005: Hospodárske noviny
Citation
Eurofound (2005), Valeo Security Systems, Business expansion in Slovakia, factsheet number 61111, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61111.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
