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.
Samsung Electronics Slovakia, a subsidiary of the South Korean electronics manufacturer operating in the consumer appliances sector, has announced the closure of its production plant in Galanta, Slovakia, resulting in approximately 800 job losses at the manufacturing site. The restructuring affects mainly production and technical employees, with operations scheduled to be phased out during 2025.
The redundancies are expected to be implemented through collective dismissal procedures in accordance with Slovak labour legislation. Severance payments and notice periods will apply, and indirect effects may occur among suppliers and service providers linked to the Galanta plant’s operations.
The decision is linked to a global reorganisation of manufacturing capacities and adjustments to production locations within the company’s international network. The job cuts concern predominantly permanent full-time positions in assembly and related support functions, as production activities are to be transferred outside Slovakia.
Government representatives, including the Ministry of Economy, have stated that coordination is under way with regional employers and labour authorities to facilitate the re-employment of affected workers. A detached unit of the Labour Office is to operate at the plant to provide job placement and retraining support, while automotive manufacturers in western Slovakia have indicated interest in hiring experienced production staff.
Samsung Electronics is a multinational technology company with global operations in consumer electronics and home appliances. The Galanta facility had operated in Slovakia for nearly two decades and represented one of the country’s significant industrial employers. The Samsung group has been involved in different restructuring events in Slovakia,recorded in the ERM database:Samsung electronics LCD - Slovakia - 2018, Samsung Electronics - Slovakia - 2011, Samsung electronics - Slovakia - 2010 and earlier expansion cases in 2007, 2005 and 2004.
Eurofound (2026), SAMSUNG Electronics Slovakia, Closure in Slovakia, factsheet number 204320, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204320.
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