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.
French Company, Faurecia, has announced plans to further expand its business in Slovakia. Since January 2017, car seats for Volkswagen Group SUV cars (e.g. Volkswagen Touareg, Porsche Cayenne, Audi Q7 and Q8) will be produced in its new factory in P3 Industrial Park nearby Lozorno. In total, 1,300 employees will find job there. Out of these, about 200 jobs will be in management and administration. Faurecia will invest more than €20 million in its biggest factory in Slovakia (27,000 square metres). According to Faurecia Slovensko CEO, Gauthier Lerouge, about 600-700 new jobs will be created there and about 600 employees will be transferred from other Faurecia plants in Slovakia. Presently, the company operates production plants in Trnava, Zilina, Kosice and Lozorno and a service centre in Bratislava. Because of high concentration of automotive subcontractors in the region, it will be not easy to hire sufficient workforce. But according Lerouge, Faurecia Slovakia is a wage competitive company and employees also will have better working conditions in the new factory.
Eurofound (2016), Faurecia Slovakia, Business expansion in Slovakia, factsheet number 88472, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88472.