EMCC European Monitoring Centre on Change

Getrag Ford Transmissions

Company/Organisation:
Getrag Ford Transmissions

Geographic Location

Country: Slovakia
Region: Kosicky kraj; Vychodne Slovensko
Location of affected unit(s): Kechnec

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Group: Ford

Employment Effects

Announcement Date: 03-12-2004
Type of Restructuring: Business expansion
Employment Effect Start: 22-11-2007
Planned Job Creation: 450

Additional Information

Ford is the fourth famous motor-car producer which decided for direct investment in Slovakia. The German/US Company will invest about Euro 350 million in 2005-2006. The production of about 300,000 gearboxes per year is planned in this Greenfield investment. The production unit is located in the industrial zone of Kechnec in the nearby city of Košice where US Steel operates. The investment is assumed to generate additionally 1000 to 1500 new jobs with subcontractors. The Slovakian government decided to provide Euro 54.5 million state aid for the company of which 13.5 million would concern reduced corporate tax. Also, the government intends to provide additional Euro 1 million to support training of employees. According to a new information, full production in the new plant started on 22 November 2007, and in total 450 new jobs were created there.