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
210 jobs Number of planned job creations
Announcement Date
8 August 2024
Employment effect (start)
1 March 2025
Foreseen end date
Description
The Hungarian subsidiary of American-Singapore technological manufacturer Flex is building a new production hall and implementing a technological upgrade at its Zalaegerszeg site. The expansion will create 210 new jobs, 20 of which are for research & development professionals. The new plant will start producing around mid-2025.
The new facility will produce electrical components and converters for electric and hybrid vehicles for OEMs and Tier 1 suppliers. The investment cost is €90 million, 20% of which will be covered by a non-refundable grant from the Hungarian state.
Flex has 7 locations in Hungary. The Zalaegerszeg site is the largest European unit which produces inputs for the auto industry. Flex is already the largest employer in Zalaegerszeg.
29 May 2024: Hungarian Investment Promotion Agency (hipa.hu)
Citation
Eurofound (2024), Flextronics International Termelő és Szolgáltat, Business expansion in Hungary, factsheet number 201499, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201499.
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