Type
Business expansion
Country
Slovakia
Region
Stredne Slovensko; Banskobystricky kraj;
Location of affected unit(s)
Lučenec
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

350 jobs
Number of planned job creations
Job creation
Announcement Date
14 January 2005
Employment effect (start)
1 June 2006
Foreseen end date
31 January 2007

Description

Johnson Controls, the American automotive accessories manufacturer, is to invest €20 million in Slovakia. Following investments in the Martin and Trenčín regions, the company will also establish a new subsidiary in the Southern region of Slovakia, where unemployment rates are very high. Available infrastructure and low labour cost in the region are attractive for the investor. It is assumed that the subsidiary will create an additional 100-150 jobs in the region for subcontractors. The government promised a tax break of up to 50% for a period of 10 years. Support by the Slovakian government will amount to around SKK 497 million, which is almost 50% of the total investment planned for 2005-9 by the company. The tax break alone will cost around SKK 400 million .


Sources

  • 14 January 2005: Hospodárske noviny
  • 28 March 2006: Hospodárske noviny
  • 14 January 2005: SME

Citation

Eurofound (2005), Johnson Controls International Bratislava, Business expansion in Slovakia, factsheet number 61012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61012.