Restructuring events
European Restructuring Monitor (ERM)
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.
Eltek Energy SA from Norway decided to invest in Slovakia. The company invested around SKK 100 million and currently opens a new production plant Eltek Energy Slovakia in Liptovský Hrádok. The new plant will produce back-up power supply units for telecommunications. Eltek management decided to establish its new subsidiary in that region because of its strategic location. Another reason which played an important role in the decision, according to Eltek CEO Morten F. Angelil, is the local labour force which is qualified for the telecommunication industry. Almost all production will be exported, initially to the European countries and later on also to USA. In total 150 new jobs were created there till September 2006, and the company management plans to employ 100 people more till the end of 2007.
Nera Company, which is a member of Eltek Energy SA holding decided to invest in Liptovský Hrádok, too. It will extend the production of Eltek Energy Slovakia operating there. Around 300 next new jobs will be created there till the end of 2007.
Eurofound (2006), Eltek Energy Slovakia, Business expansion in Slovakia, factsheet number 64020, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64020.