Spectator on facebook

Spectator on facebook

Giesecke & Devrient moving 160 jobs to Slovakia

GERMAN concern Giesecke & Devrient (G&D) will move 160 jobs from Germany to Slovakia, the Hospodárske noviny business daily reported.

The company prints banknotes and produces various chip cards. The company will close its plant in Germany's Gmunde am Tegernsee and launch production close to the Slovak capital Bratislava.

According to the Süddeutsche Zeitung daily, the concern's decision was driven by the price factor. While in Germany it has to pay more than €30 per hour, in Slovakia it is under €10.

G&D is the world's biggest banknotes printer. A few years ago it expanded its production programme to include chip cards and last year posted a turnover of €1.2 billion.

The Gmunde am Tegernsee operation manufactures six million chip cards per month.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.