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.
Johnson Controls has decided to further expand its business activities in Slovakia. Management decided to establish in addition to its two subsidiaries located in Trenčín and Lučenec, a new production plant in Žilina, a location recently chosen by KIA Motors Company to produce cars. The new facilities, which will require an investment of about €10 million, will be located in the premises of the Slovena textile company, which went bankrupt. KIA Motors Company is assumed to be the main customer of the new production plant, which cooperates as well with the subsidiary of the Czech company, Fezko Strakonice.
Eurofound (2005), Johnson Controls, Business expansion in Slovakia, factsheet number 62560, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62560.