Samsung may shut down production plants in Slovakia

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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.

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Business 4
4 Comments

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djares21
5 days 1 hour ago
djares21

Come to Romania dear Samsung 🙂

6 days 21 hours ago
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
6 days 22 hours ago
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
7 days 3 hours ago
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

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