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. 28.29 - Manufacture of other general-purpose machinery n.e.c.
300 jobs Number of planned job creations
Announcement Date
7 November 2014
Employment effect (start)
1 December 2014
Foreseen end date
31 December 2016
Description
Slovak engineering company Kovaco will create up to 300 new jobs at its new plant recently opened in Ostra Luka nearby Zvolen. The Company, which produces machinery for agriculture and construction, industrial manipulators and welding positioners, invested about EUR 4.3 million in building a new 2,500 square meters plant. Till the end of 2014, the first 60 workers will be employed there. But, in the next two years, the space of the plant will be doubled and in total 300 workers will find job there. Kovaco is export oriented and sells its products to 15 countries worldwide. So far, the Company has a plant in Velka Lehota nearby Zarnovica with 60 employees.
Sources
7 November 2014: Pravda
Citation
Eurofound (2014), Kovaco, Business expansion in Slovakia, factsheet number 77892, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77892.
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