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
200 jobs Number of planned job creations
Announcement Date
9 July 2010
Employment effect (start)
Foreseen end date
9 July 2010
Description
On 9 July 2010 Knorr-Bremse officially opened a new office in Budapest, Hungary to house their research and development operations. In a two-year period the company has hired more than 200 people, putting the total number of employees at around 970 in the new location. The company received state support for the 45 million Euro investment.
Knorr-Bremse have been operating their research and development centre in Budapest since 1995. The group based in Munich, Germany, manufacture braking systems for rail and commercial vehicles.
Eurofound (2010), Knorr- Bremse Vasúti Kft, Business expansion in Hungary, factsheet number 70703, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70703.
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