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.
Hydac Electronic, producer of electronic components for the engineering industry, is to create 100 jobs at its plant in Tvrdošín-Krásna Hôrka industrial park. In order to extend production facilities at the site, company management has decided to invest about SKK 45 million. The plant, which mainly makes electromagnets for hydraulic valves, has U.S. Steel Košice, Continental Matador Rubber Púchov and Slovnaft Bratislava as its main clients. Hydac Electronic is a subsidiary of the German Hydac Corporation which is one the biggest producers of hydraulic components in Europe. Current employment at the site is not available and employment effect start and timeline were not yet announced. "Hydac investuje do fabriky na Orave".
Eurofound (2008), Hydac Electronic, Business expansion in Slovakia, factsheet number 66814, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66814.