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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
400 jobs Number of planned job creations
Announcement Date
30 August 2006
Employment effect (start)
Foreseen end date
30 September 2007
Description
Slovak Decodom Company, which has been established in 1998, is one of the most famous furniture producers in Slovakia. Decodom produces different sorts of furniture, but it is best known for kitchens. Around 75% of the final production is exported to EU countries. Currently the company has approximately 1,000 employees in its production plant in Topolčany. In 2005, the average wage there was around SKK 19,000 (national average was SKK 17,274). The Decodom management decided to expand its production and plans to invest around SKK 200 million in order to establish a new assembly plant. This will create 400 new jobs. According to the available information, Decodom management did not ask for a state aid for the investment.
Sources
30 August 2006: Hospodárske noviny
Citation
Eurofound (2006), Decodom, Business expansion in Slovakia, factsheet number 64019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64019.
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