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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.6 - Manufacture of articles of concrete, cement and plaster
186 jobs Number of planned job losses
Announcement Date
2 December 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Slovenske magnezitove zavody (SMZ) has announced that it is to cut 186 jobs in Jelsava by the end of 2008. The job cuts are attributed to the decline of the steel industry, mainly in Ukraine. Redundancies will mainly affect employees on fixed-term contracts. SMZ produces magnesite components for blast-furnace lining. Jelšava is the region with the second highest unemployment rate (24.5%) in the country.
Eurofound (2008), Slovenské magnezitové závody, Internal restructuring in Slovakia, factsheet number 67593, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67593.
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