EMCC European Monitoring Centre on Change

ZVS Holding

Company/Organisation:
ZVS Holding

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
Number Employed: 270
Group: ZVS

Employment Effects

Announcement Date: 31-01-2011
Planned Job Reductions min: 65
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-04-2011
Direct Dismissals: 65

Additional Information

Slovak ZVS Holding Company in Dubnica nad Vahom, which produces assorted military ammunition, plans dismiss 65 workers. Dismissals are attributed to a decrease in orders from customers and are expected to begin in April 2011. According to Director General of ZVS Holding, Mr. Miroslav Solava, company management will try to minimize dismissals.