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.
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.
Eurofound (2005), Valeo Security Systems, Business expansion in Slovakia, factsheet number 61111, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61111.