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 29.3 - Manufacture of parts and accessories for motor vehicles
1,000 jobs Number of planned job creations
Announcement Date
5 March 2005
Employment effect (start)
Foreseen end date
Description
Hutchinson Poland wants to build a plant in Łódź (Łódzkie), where it will produce car gaskets and parts for shock absorbers. The products will be exported mainly to Toyota's factory in Kolin (Czech Republic). Hutchinson plans to invest €25 million. It will be the fifth Hutchinson's production facility in Poland. In August 2005, the company informed that it will hire 1,000 people, after development of its Łódź plant.
Sources
4 August 2005: Rzeczpospolita
5 March 2005: Rzeczpospolita
Citation
Eurofound (2005), Hutchinson Poland, Business expansion in Poland, factsheet number 61266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61266.
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