LVD S2

Type
Business expansion
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Tornala
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
100 jobs
Number of planned job creations
Job creation
Announcement Date
1 February 2007
Employment effect (start)
Foreseen end date
29 February 2008

Description

Belgian company LVD S2 has been operating in Tornala, Slovakia, for ten years. Recently the company management decided to extend its engineering production facilities in Slovakia. It will invest in new technology and is planning to create around 100 new jobs in its unit in Tornala. This is a great news for the micro region, where the unemployment rate has been very high for a long time, of around 26%. Production in the new unit is expected to start in around one year.

Sources

  • 1 February 2007: Hospodárske noviny

Citation

Eurofound (2007), LVD S2, Business expansion in Slovakia, factsheet number 64869, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64869.