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 (26 - 27) Manufacture of electrical, electronic and optical products 26 - Manufacture of computer, electronic and optical products 26 - Manufacture of computer, electronic and optical products
250 jobs Number of planned job creations
Announcement Date
19 July 2005
Employment effect (start)
1 January 2006
Foreseen end date
30 June 2006
Description
According to US Emerson Company CEO Georg Varmuza, the newest organisation unit of the company – Emerson Network Power Division will invest around SKK 130 million in Slovakia. A new production unit for will produce and assemble electronic systems into telecommunication equipments. Company’s subsidiary – Emerson Electric Slovakia already operates in the same city. Currently, Emerson employs 2,200 employees in Slovakia.
Sources
19 July 2005: Hospodárske noviny
Citation
Eurofound (2005), Emerson Network Power, Business expansion in Slovakia, factsheet number 61948, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61948.
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