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.
Supplier of medical single-use disposable products Unomedical (a ConvaTec company) is to create 300 new jobs in 2015. As reported, the job expansion will be the result of a €10.5 million investment plan to expand the activities of the existing factory in Michalovce (Kosice region) due to increasing market demands.
According to the sources, in 2014 Unomedical created 55 new jobs and received a tax relief of €1.65 million. As mentioned, experts consider that the investment plan is linked with the decision to expand the existing facility rather than creating a new one, as well as labour costs.
Unomedical opened its plant in Michalovce, in 2006. In 2009, ERM reported a job reduction restructuring event.
Eurofound (2014), Unomedical, Business expansion in Slovakia, factsheet number 77805, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77805.