Swiss Optotune wants to establish a technology centre in Trnava

Company wants to employ mostly people with university education

Illustrative photoIllustrative photo (Source: Optotune Switzerland)

The Swiss company Optotune plans to establish a technology centre in Trnava focusing on the development of innovative products and improvements of existing ones. The company plans to invest €520,000 into machinery and technologies and €3.8 million into wage costs within the project. Based on data published by the Economy Ministry, it plans to employ 50 people, mostly with university education, the SITA newswire reported.

The investor has already asked the state for investment aid amounting to €1.2 million. The company could receive €130,000 in the form of a subsidy to acquire tangible and intangible fixed assets, and a tax credit of €632,000. The investor is also requesting a contribution for the new created jobs amounting to €500,000.

The Economy Ministry recommends the government to greenlight the investment aid.

Among obligations the investor should have to meet is the obligation to spend more than 3.8 million on remuneration until 2022.

The centre will focus on software, firmware, electronic, machinery and process engineering. It will be connected to academic, scientific and research facilities of the Faculty of Materials Science and Technology in Trnava and other universities in Bratislava, especially the faculties of the Slovak Technical University.

Optotune Holding AG is a manufacturer of opto-electronic components.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia tests en mass and launches vaccination of seniors

Health minister admits resignation if alert system not observed. Slovak diplomat has a new lucrative post.

The vaccination in nursing homes started.

A swab instead of a jab. The renamed testing kicked off

The government spent the week deciding about nationwide testing. Lockdown is starting to show in infection numbers, experts say.

Košice

Curfew will be prolonged. Negative test result will be required for work or trips to nature (FAQ)

Here are some of the answers to questions about the ongoing mass testing.

Nitra

Why Trump's Twitter ban is no censorship

The solution is to force Facebook to regulate their content more — not less.