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. 28.15 - Manufacture of bearings, gears, gearing and driving elements
320 jobs Number of planned job creations
Announcement Date
17 May 2013
Employment effect (start)
Foreseen end date
31 December 2013
Description
INA Kysuce and INA Skalica, subsidiaries of German Schaeffler Company in Slovakia, will create 320 new jobs in 2013. INA Kysuce and INA Skalica are the main suppliers of bearings for the automotive industry.
The business expansion, which partly results from a € 80 million investment, is attributed to the relocation of some production activities from Germany (up to 120 jobs) and the establishment of a new financial centre of shared services for Europe and service and development centre (in total about 200 jobs).
The company has been operating in Slovakia for almost 20 years. As its subsidiaries in Slovakia were opened, it asked the Slovak Government for the provision of state aid in the form of tax holidays.
For information on a previous restructuring announced by the company see INA Slovakia.
Sources
17 May 2013: Hospodárske noviny
Citation
Eurofound (2013), INA Kysuce, INA Skalica, Business expansion in Slovakia, factsheet number 75434, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75434.
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