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.
400 jobs Number of planned job creations
Announcement Date
24 May 2007
Employment effect (start)
1 January 2008
Foreseen end date
Description
French machinery company Manitowoc Group decided to invest in Slovakia. Company management plans to invest around 500 million SKK in order to establish its subsidiary in Veľký Šariš. Around 400 new jobs will be created in new the plant for production of lifts. According to Manitowoc Group CEO, Philipp Cohet, production will start in the new plant in January 2008. Company management decided to invest in the region because of its long tradition in machinery industry, good geographical location and increasing development in the region.
Sources
24 May 2007: Hospodárske noviny
Citation
Eurofound (2007), Manitowoc, Business expansion in Slovakia, factsheet number 65420, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65420.
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