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.
Czech engineering-metallurgical company Unex Unicov, is to create 100 new jobs in its plant in Snina, where due to economic crisis radical job cuts took place in 2009. Business expansion in Snina mainly concerns the production of cranes and the management started with selection and hiring metal workers, particularly for metal cutting and welding. Creation of new jobs is allowed by recently concluded new contracts. For instance, with a new port in the North Sea. According to Stefan Milovcik, the City major of Snina, new jobs are very important for the region where the unemployment rate is still approaching 20%.
Eurofound (2014), Unex, Business expansion in Slovakia, factsheet number 77585, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77585.