The effects of the global financial crisis have extended to certain companies in Topoľčany district (Nitra region), which have cut their production volumes, Employment Office director Igor Galis told the TASR newswire on October 29.
"Some companies have decreased from three shifts to two. We haven't been informed of any large-scale lay-offs so far, but firms have already stopped hiring new employees," Galis said.
One of the largest employers in the area is Japanese company Sumitomo Electric Wiring Systems, which supplies car manufacturers with cable harnesses and currently employs around 2,200 people.
Large-scale lay-offs related to the global financial crisis has also hit the Vráble industrial park (Nitra region), the Nové Zamky (Nitra region) Employment Office director Marta Ladzianska said. Several hundred employees are set to lose their jobs.
Belgian firm IPTE, the parent company of Vrable-based Connectsystems Slovakia, is moving the production of cable harnesses to Romania, making 130 employees in Slovakia redundant in the process. Big lay-offs have already been announced by Kongsberg Driveline Systems due to lower demand. The firm is to shed around 20 percent of its 1,000 employees.
The crisis has also affected Matador Automotive Vráble, which produces welded and mounted sets for the car industry. It won't prolong contracts concluded for a limited period of time, and will dismiss employees who are near retirement. But the company has not yet announced large-scale lay-offs. TASR
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
30. Oct 2008 at 7:00