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
150 jobs Number of planned job creations
Announcement Date
17 January 2007
Employment effect (start)
Foreseen end date
Description
The american manufacturer of heat transfer products, Modine Manufacturing Company, is to build a new 8000 sq metre plant in Füzesabony, North Hungary. The production of aluminium heat transfer products for trucks is expected to start in the second quarter of 2008. The Greenfield Investment is in the value of 12 million USD. There are plans to build the capacity of the facility as a result of which the unit may employ as many as 150 employees by the first years of the next decade. The new plant will belong to Modine Hungária Gépjárműtechnikai Kft., the hungarian subsidiary of the american company, but it will establish itself as an independent profit-centre. In the company's other hungarian unit in Mezőkövesd, also in North Hungary, employing 334, cooling modules are produced for MAN, Iveco, Volvo, ZF-nek, Voith, and DaimlerChrysler.
Sources
17 January 2007: Népszabadság
Citation
Eurofound (2007), Modine Hungária Gépjárműtechnikai Kft., Business expansion in Hungary, factsheet number 65533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65533.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
