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
New offshoring locations
Romania
1,200 jobs Number of planned job creations
Announcement Date
13 January 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
In January 2006, German Dräxlmaier announced an investment in south Slovakia to establish a greenfield subsidiary there. Dräxlmaier group is one of the most important subcontractors of car producers Mercedes, BMW and Audi. The new production plant in value of around SKK 600 to 700 million would have produced components for car electrical systems, initially for Audi Company. The plant was about to employ 1200 in its initial stage and 2000 people in 2015. The Slovakian government decided to provide a financial support of SKK 230 million. However, in May 2006 Draexlmaier suddenly revoked the planned investment. Supposedly, it will invest in Romania instead. A reason for this withdrawal might be the higher wages in Slovakia.
Sources
11 May 2006: Hospodárske noviny
13 January 2006: Hospodárske noviny
Citation
Eurofound (2006), Dräxlmaier Slovakia, Offshoring/Delocalisation in Slovakia, factsheet number 62811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62811.
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