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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
100 jobs Number of planned job creations
Announcement Date
20 October 2005
Employment effect (start)
Foreseen end date
Description
German company Koch Prezisionsdrehteile is to invest €3 million to expand its production capacity at its Szekszárd —based subsidiary Jaco Metal Factory. The current staff of 250 will be further increased by an extra 100 workers. The expansion follows a growing demand and the development and manufacturing of new products, such as electronic engines to be used in hospital beds and wheelchairs. These technologic innovations are to be carried out on the premises of the 8,000 square metres production facility in the Szekszárd Industrial Park. Koch first came to Hungary in 1998 to outsource its production. Since then, logistics have also been brought to Hungary.
Sources
20 October 2005: Napi Gazdaság
Citation
Eurofound (2005), Jako Fémárugyár, Business expansion in Hungary, factsheet number 62424, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62424.
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