BUSINESS IN SHORT

Layoffs announced in Nitra Region

UP TO 317 employees living in Nitra Region are expected to lose their jobs as four companies in the region have announced mass layoffs, the TASR newswire reported.

UP TO 317 employees living in Nitra Region are expected to lose their jobs as four companies in the region have announced mass layoffs, the TASR newswire reported.

One company is in the electro-technical industry, two are in the textile industry and the fourth produces plastic materials, said Bronislava Pekárová from the Nitra labour office.

A shipbuilding company, Komárňanské lodenice, in Komárno in southern Slovakia also reported that it may layoff 300 employees. The head of the company, Peter Bulla, said that even though the company has enough orders its problem is that banks are refusing to lend money to the shipbuilder’s customers, the Sme daily wrote.

There have already been several significant employment losses in Nitra Region this year. Foxconn, a producer of LCD TV sets, dismissed 473 people in early February due to a lack of orders.

Additionally, Flexmedical Slovakia is reportedly planning to close its plant in Vráble and move production to Romania.

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