EMCC European Monitoring Centre on Change

Vihorlat

Company/Organisation:
Vihorlat

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.

Employment Effects

Announcement Date: 03-05-2006
Planned Job Reductions min: 373
Planned Job Reductions max: 373
Type of Restructuring: Bankruptcy/Closure
Foreseen End Date: 30-06-2006
Direct Dismissals: 373

Additional Information

Vihorlat Company in Snina belonged to Slovak mechanical engineering companies, a group with a long-term tradition. It was one of the most important employers in the region, too. The Company had economic problems for a couple of years and, in order to revitalise the company, some organisational changes took place there. However, it seems that these attempts were not very successful. According to the chair of local trade union organisation Mr František Cenkner, 165 employees were dismissed due to organisational changes in the company till the end of April 2006. Mr Cenkner added that mass redundancy will continue in the Company where next 208 employees would be redundant in June 2006. Announced dismissals will practically cause the closure of the company.