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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
150 jobs Number of planned job creations
Announcement Date
4 May 2007
Employment effect (start)
1 April 2008
Foreseen end date
Description
The Finish Peikko Group Company, which operates in Slovakia for more than one year, will extend its business activities. The company management decided to invest around 9 million EUR in order to extend the production in its subsidiary operating in Kráľová nad Váhom. Different soft beams used in construction will be produced in new production unit. The production will start in the first quarter of 2008.
150 new jobs will be created. The most of the production will be exported to Central European market and to Spain and UK.
Sources
4 May 2007: SME
4 May 2007: Hospodárske noviny
Citation
Eurofound (2007), Peikko Group, Business expansion in Slovakia, factsheet number 65324, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65324.
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