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.
250 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72627.
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