The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
600 jobs Number of planned job creations
Announcement Date
21 April 2022
Employment effect (start)
1 October 2022
Foreseen end date
31 December 2027
Description
Canada-based Magna International (Magna), a company producing electronical equipment, is opening a new plant in Kechnec, Slovakia and will hire 600 new people until 2027. The brownfield facility will manufacture Level 2 ADAS solutions, as well as technologies for the electric vehicle market, such as advanced front camera modules and in-cabin cameras, electronic control units for inverters used in electric vehicles. Presently, Magna is hiring for a number of roles, including managers, operators and engineers. The facility located on an area of around 22,000 square metres will start operations with 100 workers in the fourth quarter of 2022 and then will reach 600 employees by 2027.
Eurofound (2022), Magna International, Business expansion in Slovakia, factsheet number 106747, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106747.
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