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.
German Fritz Holding decided on localisation of its new investment in Slovakia. A Greenfield investment in amount of 220 million SKK will be established in industrial park in Prešov. According to the Fritz Holding CEO, Karl Soldner, the company management considered also Bulgaria, Romania, and Ukraine as a potentional place for the planned investment. However, the company management decided for Prešov because “we are already at home in Slovakia”. Fritz Holding operates a small production unit with around 80 employees in the region. Side windows, mainly for Spanish Seat Company, will be produced in the new production plant. Around 400 new jobs will be created. The start of the employment is planned in September 2007. Some part of the production in the new plant will be delocalised from Fritz Holding subsidiary in Hungary.
Eurofound (2007), Fritz Holding, Business expansion in Slovakia, factsheet number 65350, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65350.