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.
Alfod es Eszak; Eszak-Alfold; Jasz-Nagykun-Szolnok
Location of affected unit(s)
Jászfényszaru
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
110 jobs Number of planned job creations
Announcement Date
2 October 2023
Employment effect (start)
2 October 2023
Foreseen end date
31 December 2026
Description
German multinational Thyssenkrupp has announced the expansion of its production site in Jászfényszaru, in the Northern Great Plain region. Due to the expansion and the new production capabilities which have been installed, 110 new jobs will be created.
The newly installed production capacities will be put to use in the third quarter of 2024. The whole expansion will be completed in 2026. The firm has already started recruiting.
Thyssenkrupp has two plants in Jászfényszaru, one of which produces motor components for auto industry Original Equipment Manufacturers (OEMs). The investment will expand the product portfolio of this factory, with the addition of a new product line – rotating shafts for electric vehicles. The investment cost is €58 million, one-fifth of which is covered by a government subsidy.
Sources
2 October 2023: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2023), ThyssenKrupp Component Technology, Business expansion in Hungary, factsheet number 200429, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200429.
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