Railway Casted Components

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Východné Slovensko; Košický kraj
Location of affected unit(s)
Prakovce
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.2 - Manufacture of railway locomotives and rolling stock
30.2 - Manufacture of railway locomotives and rolling stock
200 jobs
Number of planned job losses
Job loss
Announcement Date
18 March 2015
Employment effect (start)
1 April 2015
Foreseen end date

Description

Slovak Railway Casted Components (RCC) is to dismiss 200 employees at its factory in Prakovce. Due to crisis in Ukraine the firm has problems with selling its products, stated RCC Director General, Irina Mileva. Financial difficulties resulted in not paid wages for several months. The company might have to return the state subsidy worth EUR 10million, which was provided by the Slovak Government for supporting the creation of new jobs. The company management is looking for options to retain the remaining 150 employees and assist the dismissed employees in finding jobs in the mechanical engineering sector in Slovakia.

Sources

  • 18 March 2015: SME
  • 18 March 2015: TERAZ.SK

Citation

Eurofound (2015), Railway Casted Components, Internal restructuring in Slovakia, factsheet number 79163, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79163.