Spectator on facebook

Spectator on facebook

U.S. Steel Košice asks for voluntary terminations after a record-high loss

The biggest private employer in Slovakia, the steel works owned by U.S. Steel Košice, wants to reduce the number of its administrative employees by fifteen percent by the end of June of this year, the economic daily Hospodárske Noviny wrote on Wednesday, April 29. This will affect 450 managers and administrative who have been asked to “voluntarily” leave their jobs.

The biggest private employer in Slovakia, the steel works owned by U.S. Steel Košice, wants to reduce the number of its administrative employees by fifteen percent by the end of June of this year, the economic daily Hospodárske Noviny wrote on Wednesday, April 29. This will affect 450 managers and administrative who have been asked to “voluntarily” leave their jobs.

Due to tax abatement granted by the state when U.S. Steel bought the facility, it may not lay off people until 2010. Therefore it wants to encourage people to change qualification or resign as a result of its one-time offer of a financial package to employees. In the first quarter 2009, the company posted a loss of about €336.2 million. HN

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

Top stories

PM Fico wants Education Minister’s resignation

Education Minister Peter Plavčan has refused to leave, the Prime Minister demanding his resignation.

Education Minister Peter Plavčan

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.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Southern Slovakia will face heat again

The first-level warning is issued for the 16th and 17th.