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
2,500 jobs Number of planned job creations
Announcement Date
18 June 2008
Employment effect (start)
Foreseen end date
Description
German carmaker Daimler Benz announced that it is to create 2,500 new jobs by investing around €800 million in the development of a new plant in Kecskemét (south-east Hungary). The amount of government subsidy has not been made public. The new plant will initially produce 100,000 class A and B Mercedes cars per year from 2011 onwards. A further 10,000 new jobs will be created by the company’s suppliers that will service the facility. As of June 2006, there is no information on when either employment at the new plant will commence or the new jobs will be created by.
Sources
18 June 2008: Budapest Business Journal
Citation
Eurofound (2008), Daimler, Business expansion in Hungary, factsheet number 66752, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66752.
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