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
300 jobs Number of planned job creations
Announcement Date
29 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
Sewon ECS, the South Korean company, will expand its business in Slovakia. Sewon ECS belongs to one of the biggest producers of bunched cables for motor vehicles. The company, which has already one subsidiary in Slovakia in Lednické Rovné where it employs around 800 workers, will establish a new production plant in Hnúšťa (previously Rimavská Sobota was announced as the site of the new investment). According to the representatives of Sewon ESC, the production in the new plant will be launched till the end of 2006. The number of employees working in the plant is not yet specified, however the creation of around 300 new jobs is assumed there.
Sources
30 November 2006: Hospodárske noviny
29 November 2006: Pravda
Citation
Eurofound (2006), Sewon ECS, Business expansion in Slovakia, factsheet number 64544, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64544.
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