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 Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
New offshoring locations
Mexico
278 jobs Number of planned job losses
Announcement Date
1 March 2016
Employment effect (start)
1 July 2016
Foreseen end date
30 September 2016
Description
The subsidiary of US medical technology producer, ICU Medical Slovakia Ltd., is to close its plant in Vrable Industrial Park near Nitra. All 278 employees will be made redundant. The plant produces innovative intravenous applications and almost all of the production is exported. The closure of the plant is planned in the third quarter of 2016. The company attributes the closure to the need for better utilisation of capacities in its plant in Ensenade in Mexico.
ICU Medical has operated in Slovakia since 2010. The company invested €14 million into its new plant in Vrable and planned to create about 750 new jobs there. It also obtained state aid in the amount of €5.58 million.
Sources
1 March 2016: TREND
Citation
Eurofound (2016), ICU Medical Slovakia, Offshoring/Delocalisation in Slovakia, factsheet number 86836, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86836.
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