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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.11 - Manufacture of metal structures and parts of structures
80 jobs Number of planned job creations
Announcement Date
26 May 2023
Employment effect (start)
26 May 2023
Foreseen end date
Description
Termelés-Logistic-Centrum (TLC), the Hungarian subsidiary of German crane manufacturer Sennebogen, inaugurated its new production hall in Litér. The company has announced 80 new jobs will be created at the production site. The second production site was established to meet the growing demand for the firm's products. The plant will produce steel components for loading and lifting equipment. The investment cost was about €7 million. The government granted a non-refundable subsidy of about 10% of the overall investment cost. The principal plant of TLC operates in nearby Balatonfüred.
Sources
26 May 2023: Hungarian Investment Promotion Agency (hipa.hu)
26 May 2023: Veszprém vármegyei hírportál (www.veol.hu)
Citation
Eurofound (2023), Termelés-Logistic-Centrum, Business expansion in Hungary, factsheet number 109162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109162.
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