The Slovalco aluminum plant in Ziar nad Hronom, in the Slovak region of Banska Bystrica, will permanently halt its production of primary aluminum by the end of September due to high electricity prices and insufficient compensation from the state, the TASR news agency learned from a company representative on Wednesday. .
The closure of the ovens will affect 300 employees.
Slovalco explained that due to high electricity prices for 2023, aluminum production would be economically unviable next year.
Slovalco is one of the largest employers in the region.
In addition to Slovalco’s 300 employees, the closure will also impact more than 1,000 external employees in the subcontracting chain.
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