Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Pankl to move production from Austria

AUSTRIAN company Pankl Automotive has announced plans to construct a new plant in Topoľčany in western Slovakia's Nitra region.

Construction on the plant, which will manufacture car components for the car industry, is due to begin in June and is expected to be completed by September.

Pankl Automotive plans to employ 240 people working in three shifts. The investor has obtained land from the town of Topoľčany, which plans to create an industrial zone in the area.

According to information from Pankl Automotive management, the company plans to move production of piston rods from existing plants in the Austrian towns of Bruck an der Mur and Kapfenberg to Topoľčany.

The Topoľčany plant is expected to produce parts worth €4 million per year.

Top stories

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.