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

Rescuers searched for Polish hikers in the High Tatras almost two days.

Polish hikers made bad decisions in the Tatras, a rescuer says

Three Poles died in the High Tatras in the second week of January.

13. jan
EC President Ursula von der Leyen speaking at the 2021 World Economic Forum in Davos, taking place online.

The Davos crowd might consider meeting online from here on out

With a little luck, even the caviar companies will survive.

12 h
The almost 200-year-old statue of St Ján Nepomucký, which was stolen 30 years ago by an unknown perpetrator from a pedestal near the old linden trees at the end of Horný Badín in the Krupina district, was replaced with a replica at the end of 2021.

Weekend: Slovak artist made it to Hollywood

Bratislava is collecting Christmas trees, Hriňová invites people to swim in the freezing water. Here is the latest travel/culture roundup.

14. jan
Istropolis gets prepared for demolition.

Bratislava's Istropolis will be demolished soon

Developer gets permission to tear it down; architectural experts claim Bratislava would lose an iconic building.

14. jan
Skryť Close ad