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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job creations
Announcement Date
1 February 2007
Employment effect (start)
Foreseen end date
29 February 2008
Description
Belgian company LVD S2 has been operating in Tornala, Slovakia, for ten years. Recently the company management decided to extend its engineering production facilities in Slovakia. It will invest in new technology and is planning to create around 100 new jobs in its unit in Tornala. This is a great news for the micro region, where the unemployment rate has been very high for a long time, of around 26%. Production in the new unit is expected to start in around one year.
Sources
1 February 2007: Hospodárske noviny
Citation
Eurofound (2007), LVD S2, Business expansion in Slovakia, factsheet number 64869, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64869.
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