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.
Czech machinery company Unex decided to enter the Vihorlat Company in eastern Slovakia in Snina. High customer demand requires Unex to extend its production capacity. Unex's management leased the production facilities and technical equipments from Vihorlat Company where it plans to launch the production in spring 2007. Around 300 new jobs will be created there till the end of the next year. Unex will produce welded metal structures for cranes and heavy road machines for civil engineering there. Most of the production will be exported.
In total 130 employees were working in the Unex plant in Snina in September 2007. According to the available information, the number of jobs at the site will increase to 300 by the middle of 2008.
Eurofound (2006), Unex, Business expansion in Slovakia, factsheet number 64545, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64545.