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Companies announce job cuts

About 500 people will lose their jobs in Žilina County. Engineering company Kinex Bytča, manufacturer of ball bearings, announced a mass layoff of 198 people; another engineering company, Ina Kysucké Nové Mesto, announced a layoff of 125 employees and roughly the same number of contracts will not be prolonged; and poultry processing firm Hyza a.s., which intends to shift poultry processing from Žilina to Topoľčany, also announced in October that it will lay off 60 people.

About 500 people will lose their jobs in Žilina County. Engineering company Kinex Bytča, manufacturer of ball bearings, announced a mass layoff of 198 people; another engineering company, Ina Kysucké Nové Mesto, announced a layoff of 125 employees and roughly the same number of contracts will not be prolonged; and poultry processing firm Hyza a.s., which intends to shift poultry processing from Žilina to Topoľčany, also announced in October that it will lay off 60 people.

The current unemployment rate in the Žilina Region is 4.64 percent. The global financial crisis has not yet hit the biggest employer in the region - the carmaker Kia Motors Slovakia.

"The original production plan for this year remains unchanged and we are currently meeting it," said the company's spokesman, Dušan Dvorák.

He added, "Due to the expected drop in total sales in Western Europe, we are starting to refocus on Eastern Europe and Russia, which became our biggest customer in 2008.”

An employer is obliged to report mass layoffs to an employment office in advance, in the event that it releases at least 20 people over a period of 90 days or more. SITA

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

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