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
200 jobs Number of planned job creations
Announcement Date
30 August 2005
Employment effect (start)
1 January 2007
Foreseen end date
Description
The South Korean company Donghee has responded to demands of Kia Motors and will build a new production unit in nearby Žilina in value of around SKK 1.4 billion. According to the representative of the Strečno municipality there are no problems foreseen with the ground ownership because the new plant will be located in the local industrial park. Company has started with hiring the employees. New investment is considered as very helpful for the development of the region where the unemployment rate is between 13 and 17%.
Sources
30 August 2005: SME
Citation
Eurofound (2005), Donghee Industrial, Business expansion in Slovakia, factsheet number 62154, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62154.
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