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.
Italian Magneti Marelli Sistemi Elettronici, an important subcontractor of Fiat, has announced that it is to create up to 600 new jobs by developing a new production plant in Kechnec industrial park (East Slovakia). The Greenfield investment will amount to more than 300 million SKK and production is planned to start in mid 2009. Final electronic systems for motor vehicles will be assembled there from imported components and full production capacity is expected to be reached in 2011.
According to recent information, company management decided to extend the planned investment by also building a R&D unit there. The value of the investment will increase to SKK 1.2 billion. Number of additional new jobs was not yet announced, however, about 30% of them will demand employees with university education.
Eurofound (2007), Magneti Marelli Systemi Elettronici, Business expansion in Slovakia, factsheet number 65507, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65507.