Samsung to close its last TV plant in Slovakia

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Prime Minister Robert Fico said on Friday that all signs point to Samsung ceasing production in Slovakia in the near future, which could result in the loss of 800 jobs. The Slovak prime minister believes that Samsung is planning to reorganize its factories worldwide, with the change being driven by the significant decline in demand for televisions in recent years. Meanwhile, Denník E, citing reliable sources, is reporting that Samsung will perma…

Novinky.cz

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South Korean electronics giant Samsung is ending its television production in Slovakia. 750 people will lose their jobs at the plant in the city of Galanta.

telex.hu

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The company is reportedly moving production out of Slovakia.

www.sme.sk

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The South Korean giant is the largest electrical engineering company in Slovakia.

Denník N

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Samsung will end the production of televisions at its Galanta factory by May 2026. Officially, it is talking about a change in global strategy, but industrialists and the opposition point to high labor costs. According to former Finance Minister Ivan Mikloš, the assembly of televisions in Slovakia is too expensive and can be provided cheaper in other countries. Samsung officially confirmed on Friday afternoon that it is closing the production of…