Restructuring events
European Restructuring Monitor (ERM)
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.
The automotive parts manufacturer Bakony Művek built a new plant in Hajdunanas (eastern Hungary) in a greenfield investment. In the longer term, the latter is planned to become the centre of white goods parts manufacturing, while the Veszprem factory will focus on car parts. 215 employees started working in the new factory building in May 2005. This number is to rise to 350 after the second phase. The factory manufactures parts for refrigerators for Electrolux. In the first year, parts for 300,000 refrigerators are to be made, with the number rising to 1 million by 2007.
Eurofound (2005), Bakony Művek, Business expansion in Hungary, factsheet number 61511, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61511.