Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Two more firms in Vráble cut jobs

THE GLOBAL financial crisis is taking its toll on Vráble, a town in western Slovakia.

THE GLOBAL financial crisis is taking its toll on Vráble, a town in western Slovakia.

As well as IPTE, which is relocating production from Vráble to Romania (see story above), two other companies in the town have announced massive lay-offs, the SITA newswire wrote on October 28.

"These are all foreign firms that are tied to the global economy, which means that each shake-up or turbulence affects them," Vráble Mayor Tibor Tóth told SITA.

Data from the local labour office shows that 180 employees at Kongsberg Driveline Systems will lose their jobs between November 15 and February 28. The company manufactures control systems and car components in the Vráble industrial park, employing over 1,000 people.

Matador Automotive has announced it will let go of several dozen employees, but has not specified the exact number.

"Mainly those with contracts for a definite period and maybe a few more dozen people will be let go," Tóth said.

He added that the company also employs over 1,000 people and has an annual turnover of Sk3.5 billion (€116.18 million). It is currently involved in a large investment project amounting to several hundreds of millions of crowns.

Top stories

Top stories from Last Week in Slovakia Video

Voters’ indifference affects regional votes - Can Slovaks be lured back from Britain? - Petit Press majority owner dies

Babiš did not re-write the past

Constitutional Court decided in favour of National Memory Institute which included Andrej Babiš in its list of communist secret service confindants.

Slovak-born Czech Finance Minister Andrej Babiš

Fico wants state airline company

The Slovak National Party came up with the idea last year

The airport in Poprad below the High Tatras.

First natural cemetery opens in Zvolen Photo

The aim of the project is to create a place where respect for the deceased and respect for nature interconnect.