EMCC European Monitoring Centre on Change

ZTS Metalurg

Company/Organisation:
ZTS Metalurg

Geographic Location

Country: Slovakia
Region: Trenciansky kraj; Zapadne Slovensko
Location of affected unit(s): Dubnica nad Vahom

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 117
Group: Czechoslovak Group - CSG

Employment Effects

Announcement Date: 06-05-2019
Planned Job Reductions min: 117
Planned Job Reductions max: 117
Type of Restructuring: Closure
Foreseen End Date: 30-06-2019
Direct Dismissals: 117

Additional Information

The Czechoslovak Group (CSG) will end production at its ZTS Metalurg plant in Dubnica nad Vahom by the end of June. The closure is attributed to the poor economic results and duplicate metallurgical capacities within the group. More than 110 employees will be dismissed, but some of them can get job in other companies of CSG in Slovakia and in Czechia. CSG is active in sales and production of military and special vehicles, ammunition, guns and gun systems, off-road cargo vehicles or engineering products for aviation, rail and automotive industries or break systems for rolling stock. CSG has nearly 8,000 employees and in 2017 its revenues amounted to CZK 25 billion (€975 million).

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