EMCC European Monitoring Centre on Change

Yazaki Wiring Technologies, Slovakia

Company/Organisation:
Yazaki Wiring Technologies, Slovakia

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of transport equipment
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
Number Employed: 880
Group: Yazaki

Employment Effects

Announcement Date: 19-03-2021
Planned Job Reductions min: 360
Planned Job Reductions max: 360
Type of Restructuring: Internal restructuring
Employment Effect Start: 19-03-2021
Direct Dismissals: 360

Additional Information

Yazaki Wiring Technologies Slovakia, producer of automotive components, started with dismissal of employees in its factory in Michalovce. Redundancies are attributed to lower production of wire harnesses for Mercedes Benz Company as well as to the contract with BMW, which ended in 2020. In addition, the Covid-19 pandemic has led to a decreased demand for the company's products. In total, 360 jobs out of total 880 will be cancelled in Michalovce. According to the chair of the local trade union, the management agreed on a severance pay to dismissed workers in amount above the Labour Code standards.

Sources: