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 (24 - 25) Manufacture of metals 24.4 - Manufacture of basic precious and other non-ferrous metals 24.42 - Aluminium production
186 jobs Number of planned job creations
Announcement Date
14 November 2005
Employment effect (start)
Foreseen end date
31 December 2007
Description
Alcoa Inc, the world's biggest aluminum producer, will spend €70 million to expand its production in Hungary by building a new plant at its existing site. The Pittsburgh-based company, Hungary's 12th largest employer, will hire 186 workers by the end of 2007 for its new unit to process special alloys in Székesfehérvár, Hungary.
Sources
14 November 2005: Napi Gazdaság
15 November 2005: Népszabadság
Citation
Eurofound (2005), Alcoa Köfém, Business expansion in Hungary, factsheet number 62537, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62537.