X

Business

Samsung may shut down production plants in Slovakia

Samsung might be the first major company to exit Slovakia due to the tense situation in the Slovak labor market. Employers have long been concerned about the lack of workers and this has forced Samsung to consider the possibility of shutting down its plants in the country and more production elsewhere.

According to a local news report, Samsung is thinking about closing production lines in Slovakia as one of its options to deal with the matter. It’s also said to be negotiating the possibility of streamlining the procedures involved in hiring foreigners with the government. This would make it easier for Samsung to continue its business in the country.

Shutting down production in Slovakia

The report mentions that Samsung is initially thinking about shutting down one of its two plants in Slovakia. It’s unclear, though, whether this is a mere threat to put pressure on the country or if it’s seriously thinking about doing this.

While Samsung has rejected reports that it’s thinking about relocation, it hasn’t ruled out limiting production or moving a part of it abroad. Samsung employs more than 2,000 workers combined in the two plants. It makes parts for LCD panels in one of the plants and assembles the screens in the other.

Samsung isn’t the only company that’s irked by the constantly changing legislation and increasing labor costs in Slovakia. Some German companies have also started threatening shutdowns and plant re-locations over higher overtime payments for weekend and night shifts.

Source

    4 Comments

    Sign in »

    4
    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    djares21
    djares21

    Come to Romania dear Samsung 🙂

    Swehola
    Swehola

    Only salary is reason why nobody wants to work for Samsung in Slovakia. Lot of overtimes with punishment and disciplinary penalty if you don’t agree to work overtimes. Runaway Samsung to the countries who is willing cooperate with new age slavers

    PJaya
    PJaya

    Off topic
    Received samsung e mail about Samsung gallery story sharing will terminal on march
    Never use that, not sure what use store share.

    marian933
    marian933

    500€/ month – Slovakia workers

    2500€/month – Germany
    2000€/ month – Austria
    2300€/ month -France
    1000€/month – Czech republic
    800€/ month Hungary
    900/ month – Slovenia
    The government finally increasing labor costs in Slovakia. After 25 yrs of “democracy”.
    Now Samsung where do you want to go??? Mexiko, Brazil, Africa, China, India???
    good luck with that