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.
(10 - 33) Manufacturing (32) Other manufacturing 32 - Other manufacturing 32 - Other manufacturing
550 jobs Number of planned job creations
Announcement Date
21 June 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
On 11 May 2006 a Slovak Government representative signed the contract according to which the Government will provide state aid to the Unomedical Slovakia that in total amounts to SKK 136 million. The state aid represents almost 39% of the total Greenfield investment of Unomedical in Slovakia. Unomedical management decided to close two plants in Denmark and establish a new production plant in Slovakia. Investment € 8.8 million will be located in Michalovce industrial zone where German Siemens and Gronbach subsidiaries operate, too. On 1 June 2006 the production in the plant has officially started. According to the plant's financial manager Sonny Lyngso, production will continue there also during the weekends during which the employees will get higher wages.
Sources
2 June 2006: Hospodárske noviny
21 June 2005: SME
11 May 2006: Hospodárske noviny
Citation
Eurofound (2005), Unomedical Slovakia, Business expansion in Slovakia, factsheet number 61781, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61781.
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...