Slovak Government to Provide Millions in State Aid to UK Company Creating Five Jobs
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The Slovak government plans to provide state financial assistance worth millions of euros to Haleon, a British consumer health company, for creating just five jobs with an average salary of 3,400 euros. The company is benefiting from relocating its toothpaste production from the United Kingdom to Slovakia. The substantial state aid package for such a small number of positions has raised questions about the cost-effectiveness of the government's investment incentive program, particularly given the high per-job subsidy ratio.