Samsung may close its plant in Slovakia

South Korean consumer electronics producer Samsung considers closing one of its plants in Slovakia or moving a part of its production elsewhere, local media write on Friday. Samsung plants in Galanta and Voderady (both Trnava region) produce low added value as they are in fact just assembly workshops. Therefore, further increase in salaries in order to attract new employees is not to pay off to the company. Samsung, as well as other supranational companies urge the government to facilitate hiring cheap foreigners from the countries like Serbia or Ukraine. Within the next few weeks PM Robert Fico’s government is expected to show how the labor market liberalization should look like. If terms of hiring foreigners do not change, Samsung will move production from one of its Slovak plants somewhere else. Some 4,000 people are currently directly working for the company in Slovakia.

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