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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
130 jobs Number of planned job creations
Announcement Date
7 January 2011
Employment effect (start)
7 January 2011
Foreseen end date
Description
Aloca-Köfem Ltd has announced its plans to hire 130 new employees in January 2011. The company is receveiving a HUF 50 million investment from the EU to improve communication, conflict management skills and competitiveness.
Aloca Inc. is producer of primary aluminum, fabricated aluminum and alumina and employs approximately 59,000 people in 31 countries across the world. Alcoa acquired majority stake of the Light Metal Works of Székesfehérvár (now Alcoa-Köfém Kft.) in 1993 of which it has had full ownership since 1996. There are four manufacturing branches that belong toAlcoa-Köfém Ltd. in Hungary: the European Mill Products (EMP), combining Casthause and Flat Rolled Products, Alcoa Wheel and Transportation Products (AWTP), Alcoa Fastening Systems (AFS), and Alcoa Power and Propulsion (APP) Howmet castings. Alcoa has also deployed its global service centre in Hungary covering European and some North-American Financial and Administrative issues.
Sources
Citation
Eurofound (2011), Aloca Kőfém, Business expansion in Hungary, factsheet number 71597, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71597.
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