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 Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
100 jobs Number of planned job creations
Announcement Date
21 April 2006
Employment effect (start)
Foreseen end date
31 March 2011
Description
English Welton, Bibby&Baron Company rented around 500 square meters facility in the East Slovakian region in order to produce paper bags for the food industry. Nestlé, Master Food and KFC are the main costumers of the Company. Apart from the production, new subsidiary in Sabinov will operate also as the delivery centre for Company's customers in Central and Eastern Europe. According to general manager Malcom Ross, the Company will invest more than Euro 1 million in the subsidiary and will create at least 100 new jobs there during the next five years. According to the city mayor Peter Molčan, even though it is not a huge investment it will contribute to reduction of high unemployment in the region.
Sources
21 April 2006: Hospodárske noviny
Citation
Eurofound (2006), Welton, Bibby&Baron, Business expansion in Slovakia, factsheet number 63377, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63377.
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