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.
Austrian SKB holding company, which is one of the biggest European producers of special industrial cables, starts the production in its subsidiary in Slovakia. Industrial Cables Slovakia is a new production plant operating in industrial zone in Nitra. SKB invested around 370 million SKK into new production plant where standardized flexible cables for machinery and electrical industry are produced now. Special cables made on individual big customers' demands, e.g. of producers of lifts, robotized workplaces and cranes, are produced there, too. Planned annual production capacity is around 30,000 kilometres of cables. According to the CEO of new production plant, company management plans to extend the production capacity three times and around 150 new jobs will be created during the next three years.
Eurofound (2007), Industrial Cables Slovakia, Business expansion in Slovakia, factsheet number 65306, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65306.