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 24.1 - Manufacture of basic iron and steel and of ferro-alloys
117 jobs Number of planned job losses
Announcement Date
6 May 2019
Employment effect (start)
Foreseen end date
30 June 2019
Description
The Czechoslovak Group (CSG) will end production at its ZTS Metalurg plant in Dubnica nad Vahom by the end of June. The closure is attributed to the poor economic results and duplicate metallurgical capacities within the group. More than 110 employees will be dismissed, but some of them can get job in other companies of CSG in Slovakia and in Czechia. CSG is active in sales and production of military and special vehicles, ammunition, guns and gun systems, off-road cargo vehicles or engineering products for aviation, rail and automotive industries or break systems for rolling stock. CSG has nearly 8,000 employees and in 2017 its revenues amounted to CZK 25 billion (€975 million).
Eurofound (2019), ZTS Metalurg, Closure in Slovakia, factsheet number 97793, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97793.
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