Posted by on 23 Oct 2012. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Exodus Continues, Leaving Hundreds Unemployed

Slovakia might be starting to experience the reality of fears that it is becoming an increasingly unattractive haven for investments and production in the wake of the economic crisis and rising taxation in the country, as daily Hospodarske Noviny reports how two more companies have pulled the plug on production.

Delphi plant - Senica

The first, automotive cable bunch producer Delphi Slovensko, has announced the redundancy of 540 of its 700 or so workers in Senica over four stages until the summer of 2014. The company says the redundancies are essential given the current market situation so it can increase its competitiveness, but they can be put down chiefly to the US parent company shifting more production to its 12,000 strong Romanian factory. The future of the remaining workers at the Slovak plant is therefore questionable.

The second case concerns Japanese LCD components producer Ryoka Global Europe, which has decided to close down its plant in Nitra altogether, putting 227 workers out of a job already in November thanks to a slump in orders. This is mainly due to its primary customer Foxconn announcing 600 redundancies in January 2012. Ryoka Global Europe insists that it is not moving production elsewhere, and at least its redundant employees will have a chance of finding work at the nearby plant of Samsung Electronics, which is currently recruiting.

Jobs saved at Samsung plant in Galanta thanks to investment stimuli

Earlier this year even Samsung announced it might be pulling out, threatening the loss of around 4,000 jobs including suppliers, but it eventually stayed to enjoy the fruits of the additional EUR 28 million in stimuli that the government swiftly offered.

1 Comment for “Exodus Continues, Leaving Hundreds Unemployed”

  1. George M

    Now here is an idea for Slowvak job creation …right next door !

    Wait for it …An Austrian businessman has unveiled plans to open Europe’s largest brothel a complete with a round the clock supply of 150 sex workers and even parking space for coaches. ( perhaps that should be roaches ? )

    The 12million project, known as the ‘FunMotel’, will be located somewhere near the capital Vienna and have capacity for 1,000 guests a day across 147 rooms. The hotel, will be surrounded by a three metre high fence to ensure privacy and offers traditional hotel features such as restaurants, gym and beauty facilities as well as sex services including ‘swinger parties, gang bangs and porn stars.

    The developers, Vienna-based 8Quadrant, say the number of females and the affordable prices ( Slovaks will be on payroll then ? ) will ensure absolute satisfaction for male customers.

    Amazingly, local Austrian authorities and the police have already given their consent to this project. Prostitution in Austria is both legal and regulated.

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