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 29.1 - Manufacture of motor vehicles
500 jobs Number of planned job creations
Announcement Date
14 May 2007
Employment effect (start)
Foreseen end date
Description
Manufacturing of new models is to start at the Esztergom facility of Magyar Suzuki Corporation, the European subsidiary of Suzuki Motor Corporation. One of them is General Motor's Opel, thus the Esztergom assembly plant, near Budapest, the capital of Hungary, is becoming a multi-brand centre. Manufacturing of the models is to start in the autumn, 2007; their sale is expected to begin in spring 2008. As of last year as many as 5500 employees were employed at Magyar Suzuki but the workforce is expected to grow to 6000 in the near future. The number of cars produced is to increase as well: from 220,000 produced last year to 300,000 in 2008.
Sources
14 May 2007: Népszabadság
Citation
Eurofound (2007), Magyar Suzuki Corporation, Business expansion in Hungary, factsheet number 65343, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65343.
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