Slovenské magnezitové závody

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Jelšava
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.6 - Manufacture of articles of concrete, cement and plaster
23.6 - Manufacture of articles of concrete, cement and plaster
186 jobs
Number of planned job losses
Job loss
Announcement Date
2 December 2008
Employment effect (start)
Foreseen end date
31 December 2008

Description

Slovenske magnezitove zavody (SMZ) has announced that it is to cut 186 jobs in Jelsava by the end of 2008. The job cuts are attributed to the decline of the steel industry, mainly in Ukraine. Redundancies will mainly affect employees on fixed-term contracts. SMZ produces magnesite components for blast-furnace lining. Jelšava is the region with the second highest unemployment rate (24.5%) in the country.

Sources

Citation

Eurofound (2008), Slovenské magnezitové závody, Internal restructuring in Slovakia, factsheet number 67593, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67593.