Type
Bankruptcy
Country
Slovakia
Region
Stredne Slovensko; Banskobystricky kraj;
Location of affected unit(s)
Pohorelá
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

160 jobs
Number of planned job losses
Job loss
Announcement Date
18 May 2005
Employment effect (start)
1 June 2005
Foreseen end date
30 June 2005

Description

Following Strojsmalt bankruptcy, previously producing electric heating resistance elements and air conditioning, there is a chance to offer new jobs for some 50 employees of the company in a new business unit, which is foreseen to operate in the same site. The 160 fired employees will receive mandatory redundancy pay.


Sources

  • 18 May 2005: Hospodárske noviny

Citation

Eurofound (2005), Strojsmalt Holding, Bankruptcy in Slovakia, factsheet number 61645, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61645.