Over 16,000 Slovaks may lose jobs in mass layoffs

As many as 16,149 employees might lose their jobs because of planned forthcoming collective layoffs, the STIA newswire reported, according to information released by the Economy Ministry. Of the total of 46,130 planned layoffs reported to labour offices since the beginning of last year, 29,981 people have become jobless as of the twelfth week of 2010. Labour offices register 5,439 available jobs, up 242 from the 11th week, SITA wrote.

As many as 16,149 employees might lose their jobs because of planned forthcoming collective layoffs, the STIA newswire reported, according to information released by the Economy Ministry. Of the total of 46,130 planned layoffs reported to labour offices since the beginning of last year, 29,981 people have become jobless as of the twelfth week of 2010. Labour offices register 5,439 available jobs, up 242 from the 11th week, SITA wrote.

The construction of a new factory in Slovakia planned by Indian ecological car manufacturer Reva Electric Car Company could help improve the situation on the country's labour market. The plant, which is to be built in the region of Trenčín or Bánovce nad Bebravou plans to make about 30,000 cars annually and employ 1,100 people, informed the Economy Ministry.

The value of the investment is to reach 60 million euro. The Indian investor would thus increase the number of car manufacturers established in Slovakia. It would join Volkswagen, PSA Peugeot Citroen and KIA Motors, which are the main driving forces of the Slovak economy. KIA also announced its intention to erect a factory for engine production nearby its existing plant in Žilina.

Source: 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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