Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Sony halts Nitra expansion plans

JAPANESE company Sony Corporation has postponed plans to expand production at its plant in Nitra, western Slovakia. The company was responding to what it said were considerable changes in the global economic environment, the SITA newswire reported on December 9.

JAPANESE company Sony Corporation has postponed plans to expand production at its plant in Nitra, western Slovakia. The company was responding to what it said were considerable changes in the global economic environment, the SITA newswire reported on December 9.

“With regard to the ongoing rapid fall in demand in the market for television sets, Sony has decided to postpone its recently planed investments to expand production in the plant in Nitra, Slovakia,” the company explained in a press release.

Sony had originally planned to invest approximately €167 million to boost production of LCD TVs by approximately 2 million pieces annually. It had planned to hire 2,700 people in Slovakia.

The corporation is also sacking 8,000 people in its plants worldwide. In Nitra, Sony is now laying off seasonal workers. Spokesperson Helena Windisch described the move as standard practice every year after the peak season ends. She said that production of TV sets has a seasonal character, increasing at the end of the year and decreasing at the beginning of the following year.


Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico