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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
160 jobs Number of planned job losses
Announcement Date
10 September 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009
Description
Cyprian Disor Holding, which became the new owner of Slovak Novacke chemicke zavody (NCHZ), announced that about 160 employees will be dismissed during 2009. Current technology in the production of polyvinylchloride is considered environmentally obsolete and mainly workers in this production unit will be hit by redundancies. NCHZ is the biggest company in the region with about 5.5% unemployment rate. NCHZ is also the biggest Slovak exporter of chemical products and it belongs to 25 biggest companies in Slovakia in terms of production volume.
Sources
10 September 2008: Pravda
23 September 2008: Hospodárske noviny
10 September 2008: Pravda
23 September 2008: Hospodárske noviny
Citation
Eurofound (2008), Novácke chemické závody, Internal restructuring in Slovakia, factsheet number 67124, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67124.
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