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CORPORATE NEWS

JAS receives 97.8m Sk aid from Labor Office

The regional Labor Office in Prešov confirmed on October 28 that it will provide the shoemaker JAS Inc., Bardejov, with a zero-interest loan worth 97.8 million Sk over 5 years. The loan will be extended gradually over the next 12 months, and it will cover all labor costs for JAS's 1,147 employees. The massive layoff of 2,000 employees, the three-month notice of which expired on October 31, will therefore not take place. Layoffs, however, will only affect 500 employees.

The company's next step is to transform itself into a healthy company. This, they hope to do through decentralization which would create four daughter companies (JAS Východ, Export, Obuv and Elmont). Management expects JAS to be included in the revitalization program and plans to ask the government for higher protection on the domestic market.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak