Spectator on facebook

Spectator on facebook

IN SHORT

PPS Detva fires almost 1,000 employees

TROUBLED engineering company PPS Detva has announced plans to lay off nearly 1,000 employees. New PPS director general Igor Chapman said on April 29 that out of nearly 1,200 employees, only 280 will be needed at the plant, which makes machine tools.

The announcement came the first day employees returned to work after more than a month-long shutdown due to suspension of the company's electricity supply.

In late March, the board of directors at PPS resigned after failing to pay employee wages from January and losing a Supreme Court case on the legality of a transfer of assets from the heavily-indebted company to a new daughter company, PPS Detva Holding, in 1997.

Union officials estimate that in its four-year history, PPS Holding ran up debts of nearly Sk1 billion to utilities, insurance companies, banks and suppliers.

New management for the company was announced on April 18, and began work on April 30.

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.