LVD S3

Type
Business expansion
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Tornala
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
250 jobs
Number of planned job creations
Job creation
Announcement Date
14 October 2011
Employment effect (start)
13 October 2011
Foreseen end date
31 December 2012

Description

Belgian manufacturer of metal plate processing machines LVD opened its second subsidiary in Slovakia on the 13 October 2011 creating 250 new jobs. Some 166 new workers have started working at the plant with the remaining jobs being filled until 2012.

Besides Europe, the company exports its products to North America and Asia. The plant is located in a region with a 30% unemployment rate. The government had provided subsidies for the investment.

Sources

  • 14 October 2011: Hospodárske noviny

Citation

Eurofound (2011), LVD S3, Business expansion in Slovakia, factsheet number 72627, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72627.