Poltar Crystal & Steel

Type
Business expansion
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Poltar
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.1 - Manufacture of glass and glass products
23.1 - Manufacture of glass and glass products
400 jobs
Number of planned job creations
Job creation
Announcement Date
7 May 2014
Employment effect (start)
1 October 2014
Foreseen end date
31 December 2015

Description

Poltar Crystal & Steel is to create 400 new jobs in Poltar by the end of 2015. As reported the company is planning to relaunch the glass production in October 2014 in the previous Slovglass site. The job expansion is linked with the support of a state aid of €11.8 million to boost employment in the area which suffers from high unemployment rates and has a long tradition in glass manufacturing.

Sources

  • 7 May 2014: Pravda
  • 9 May 2014: SME

Citation

Eurofound (2014), Poltar Crystal & Steel, Business expansion in Slovakia, factsheet number 76980, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76980.