EMCC European Monitoring Centre on Change

Hansol

Company/Organisation:
Hansol

Geographic Location

Country: Slovakia
Region: Trnavsky kraj; Zapadne Slovensko
Location of affected unit(s): Voderady

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 1400

Employment Effects

Announcement Date: 09-11-2011
Planned Job Reductions min: 1400
Planned Job Reductions max: 1400
Type of Restructuring: Closure
Foreseen End Date: 31-12-2011
Direct Dismissals: 1400

Additional Information

South Korean conglomerate Hansol closed its operations in Voderady leading to 1400 redundancies. All employees have been filed with redundancy notices.

Hansol, which used to be one of the main subcontractors of Samsung Company in Slovakia, produced display units for TVs and PC monitors. The closure is said to be related to decreasing customer demand for these products.