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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.10 - Warehousing and storage
130 jobs Number of planned job creations
Announcement Date
7 October 2022
Employment effect (start)
1 October 2022
Foreseen end date
Description
Autonet Logistic, a Hungarian subsidiary of auto-part supplier Swiss Automotive Group (SAG), opened its new highly automatised warehouse in Üllő and is creating 130 new jobs. The warehouse will serve not only the 19 Hungary-based sites of the SAG group, but will also operate as a Central European logistic hub. The investment cost amounts to just under €27 million, about €3.4 million of which the Hungarian government granted as a non-refundable subsidy.As of 24 October, there is no foreseen date for the end of this restructuring.
Sources
7 October 2022: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2022), Autonet Logistic, Business expansion in Hungary, factsheet number 107621, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107621.
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