May 6 (SeeNews) - Slovenia's government said it approved an 829,309 euro ($875,689) investment incentive to German automation equipment maker Bosch Rexroth for the construction of a 13.2 million euro production factory in Cerklje na Gorenjskem, it said.
Bosch Rexroth will receive a subsidy in the amount of 206,625 euro in 2022, 480,183 euro in 2023, as well as 142,500 euro in 2024, the government said in a statement on Thursday.
The company will open 123 jobs at the facility, 23 of them for highly-qualified engineers, the government said.
Bosch Rexroth, a fully-owned subsidiary of Germany's Robert Bosch, manufactures products and systems for the control and motion of industrial and mobile equipment.
($ = 0.947 euro)