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.
Japanese car-maker Suzuki has struck a deal with Japanese company Toyo Seat for the construction of a HUF 2 billion seat factory in Nyergesújfalu, north of Budapest. Toyo Seat produces automobile seats, soft tops for convertibles, mechanical products, automotive exhaust pipes, door trims, etc. The plant will consist of a 7,000 square metre production unit with capacity of up to 1.2 million seats per year by 2008 and would employ 200 workers. The company is to supply car seats to Suzuki's plant in Esztergom. Toyo Seat has an existing plant in Szazhalombatta, south of Budapest, which employs 830 people and supplies, among others, Suzuki with seat frames.
Eurofound (2006), Toyo Seat, Business expansion in Hungary, factsheet number 64669, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64669.