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.
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Malý Krtíš
Sector
(10 - 33) Manufacturing (32) Other manufacturing 32.3 - Manufacture of sports goods 32.3 - Manufacture of sports goods
100 jobs Number of planned job creations
Announcement Date
22 April 2005
Employment effect (start)
1 November 2005
Foreseen end date
28 February 2006
Description
Technogym, an Italian manufacturer of fitness equipment, has announced that it is to create 100 new jobs by expanding its plant in Malý Krtíš. The company will complete the building of a new production hall and logistics centre (including storage house) by the autumn of 2008. The plant currently employs 100 employees. The new investments will boost the company's production capacity. Technogym currently produce about 10,000 fitness equipment per year and it is the exclusive supplier of fitness equipment for the forthcoming Olympic Games in China.
Technogym is the first foreign investor to start business activities in the new industrial zone in southern Slovakia. The company will invest about SKK 300 million in the region which is suffering from high rates of unemployment (28%). The local authority expects the new industrial zone to create almost 2,000 new jobs in the long run.
Sources
2 April 2008: Hospodárske noviny
22 April 2005: SME
Citation
Eurofound (2005), Technogym, Business expansion in Slovakia, factsheet number 61542, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61542.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...