Váhostav-SK announces mass layoff of 500 employees

One of the largest construction companies in Slovakia, Váhostav-SK, based in Žilina, will lay off five hundred employees, which is about a quarter of its staff members.

One of the largest construction companies in Slovakia, Váhostav-SK, based in Žilina, will lay off five hundred employees, which is about a quarter of its staff members.

The collective layoff, planned between August 8 and January 31, 2011, will affect blue-collar workers as well as white-collar employees in charge of technical and administrative issues, Andrej Thiel, the assistant to the company’s director general informed the SITA newswire.

The joint-stock company Váhostav-SK decided to reduce the number of its employees because it no longer needs as many due to the persisting decline in demand for construction works in the Slovak market posted during the past two years and because of the delays in highway construction, Thiel said.

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.

Top stories

Jan Herak

Slovakia’s “me too” moment? OĽaNO MP quits parliament

Ján Herák faces a series of serious sexual abuse allegations, while a similar case hits a rising star of Czech politics.


4 h
Robert Fico surrounded by his Smer MPs.

Robert Fico's Smer has gained its best result since last summer (+graphs)

Several coalition parties struggle with support, unlike the opposition, according to the June poll by Focus.


7 h
Branislav Zurian

Charges against former elite police head dropped

The prosecutor found the decision to prosecute Branislav Zurian unlawful, unfounded and premature.


7 h
The SHMÚ has issued a heat warning for August 20.

Slovakia should prepare for the first heat wave

Temperatures are expected to exceed 30 degrees Celsius in the coming days.


7 h