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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
120 jobs Number of planned job losses
Announcement Date
22 January 2009
Employment effect (start)
1 January 2009
Foreseen end date
1 January 2009
Description
KeyTech Sárbogárd ceased production at the beginning of 2009 and all 120 workers of the plant in Sárbogárd (Fejér county) were laid off. Production machines were dismantled and shipped to other sites including the one in Sárvár (Vas county). The parent company of the closed manufacturing unit is KeyTech, which is a global supplier of high precision metal and plastic components and solutions. Besides the headquarters and another remaining production facility in Hungary, the company also operates in the Czech Republic and China.
Sources
22 January 2009: Plastic Portal
22 January 2009: index.hu
Citation
Eurofound (2009), KeyTech Sárbogárd, Closure in Hungary, factsheet number 70032, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70032.
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