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.
German car component supplier Roechling Automotive opened a new facility in Kockovce nearby Nove Mesto nad Vahom in July 2019. The company, which entered the Slovak market in September 2017, plans to create jobs for 120 people by the end of 2020. Investments amounted to €12 million for the construction of the production hall and €10 million for technologies. The new hall provides 3,000 square metres of production area and 4,800 square metres of logistic premises. From the beginning of last year, the company has been granted a 10-years tax exemption from the government.
According to the company's management, labour force is required despite the fact that production processes are mostly automated. Moreover, the company maintains that the choice of Slovakia was not motivated by labour costs, but by labour flexibility to meet the company's goals and expectations. The factory supplies its products to carmakers in Slovakia and Hungary.
Eurofound (2019), Roechling Automotive, Business expansion in Slovakia, factsheet number 98276, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98276.