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
1,100 jobs Number of planned job creations
Announcement Date
16 November 2006
Employment effect (start)
1 July 2007
Foreseen end date
31 December 2011
Description
German ZF Sachs Corporation, which is one of the biggest European producers of components for motor vehicles, expands its business in Slovakia. Company management decided to invest around EUR 75 million in order to establish a new production plant in Levice industrial park (previously a huge Hankook's greenfield investment was planned there). Components for car chassis and transmission elements will be produced in the new plant, which is expected to be completed in the first half of 2007. Employment will grow gradually and up to 1,100 new jobs will be created there in the next five years.
Sources
16 November 2006: Hospodárske noviny
Citation
Eurofound (2006), ZF Sachs, Business expansion in Slovakia, factsheet number 64496, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64496.
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