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
1,500 jobs Number of planned job creations
Announcement Date
16 April 2007
Employment effect (start)
1 April 2008
Foreseen end date
31 March 2011
Description
Previously Yazaki Wiring Technologies management announced it would create 3200 jobs and invest 500 million SKK at its plant in Michalovce by the end of 2007, however this has been changed to a creation of 1500 jobs and an investment of 1.7 billion. The company currently produces motor car cables for Ford and employs 1800 people at the plant and the increase in jobs and investment is to cater for the production of cables for BMW. 500 of the new jobs have now been filled and the next 400 jobs will be created by the end of 2008. The further 600 jobs are planned for the next three years.
Sources
21 April 2008: Hospodárske noviny
16 April 2007: SME
Citation
Eurofound (2007), Yazaki Wiring Technologies, Business expansion in Slovakia, factsheet number 65283, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65283.
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