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
100 jobs Number of planned job creations
Announcement Date
20 February 2006
Employment effect (start)
Foreseen end date
Description
Vorwerk Autotec (VA), a major European developer and system-supplier of transmission engineering in the automobile industry, is going to build a new factory for automotive parts, replacing an unfinished dairy investment. The company has already bought 10 hectares of land from the city of Brodnica (Kujawsko - Pomorskie) for 1.5 million PLN, demolished the old facility and launched earthworks. The location is considered one of the biggest advantages of the small city, which is in northern-central Poland. Over the last three years, due to several major investments, the unemployment rate in the city decreased to approximately 11% and is soon expected to fall below 10%.
Sources
20 February 2006: Warsaw Business Journal
Citation
Eurofound (2006), Vorwerk Autotec, Business expansion in Poland, factsheet number 62974, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62974.
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