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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.54 - Casting of other non-ferrous metals
380 jobs Number of planned job creations
Announcement Date
28 June 2017
Employment effect (start)
1 January 2018
Foreseen end date
30 June 2018
Description
LTH Castings from Škofja Loka (Gorenjska region), a producer of aluminium die-cast automotive components, such as transmission and engine components, steering and brake systems components, and other products, will start to build a new plant in August 2017. One part of the new plant will already operate in the beginning of 2018 and 380 workers will be hired in the first half of next year. Increased demand for its products among automotive producers such as Daimler, BMW, Wabco, Continental, and Bosch induced the company to expand production. The new plant in Škofja Loka will be the sixth of the already existing plants in Slovenia, Croatia and Macedonia.It will employ 380 employees, 100 in tool shop, 220 in processing and 60 in administration. LTH Castings currently has 2,650 employees all together.
Sources
27 June 2017: Finance
Citation
Eurofound (2017), LTH Castings, Business expansion in Slovenia, factsheet number 91421, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91421.
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