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.
Leoni, German manufacturer of cables for the automotive industry, changed its previous strategy and will expand the production in Leoni Slovakia Company. Since June 2013, it will create 170 new jobs there. The business expansion was triggered by several orders received from car manufacturer Volkswagen Slovakia, which is launching the production of the electric Volkswagen "e-up!" cars in Bratislava.
Traditional cable production will be replaced by production of high-tech wire harnesses with higher added value. The company management also decided to merge all three Leoni companies operating in the country (Leoni Autokabel Slowakia, Leoni Slowakia and Leoni Cable Slovakia) into Leoni Slovakia based in the town Trencín.
A previous case of business expansion for Leoni Slovakia dates back to 2004 (see Leoni Slovakia 2004).
Eurofound (2013), Leoni Slovakia, Business expansion in Slovakia, factsheet number 75393, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75393.