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.
The Japanese firm MinebeaMitsumi will create 1,100 new jobs in Slovakia in its biggest subsidiary in Europe at the Immopark industrial park in Kosice. Construction of the factory is underway and production is set to start at the beginning of 2018. The new mechanical electronics and special electric motors factory worth at least €60 million intends to offer an average gross monthly wage of €1,500 to its employees. The plant will require highly qualified workers to operate robotic centres and engineers and scientists to work in the company's R&D centre. About 100 jobs will be created in in research and development. The government plans to provide the company state aid in the amount of €18,000. If the factory is successful, MinebeaMitsumi will reportedly consider investing a further €40 million and thereby creating a further 900 jobs by the end of 2022.
Eurofound (2017), MinebeaMitsumi, Business expansion in Slovakia, factsheet number 90962, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90962.