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
100 jobs Number of planned job creations
Announcement Date
16 March 2011
Employment effect (start)
21 March 2011
Foreseen end date
31 December 2011
Description
Opel, a car manufacturer owned by General Motors, will spend EUR 500 million in order to expand its engine plant in Szentgotthárd, Hungary. The company also announced its plans to hire 100 new employees during 2011 and an additional 700 by 2015. The company will recruit engineers and assembly line workers. The expansion will be in operation by November 2012 and will reach full capacity in 2015. The expansion will raise the plant's output to 500,000 engines per year from the current level of 460,000. The investment will create 2,500-3,000 jobs for Opel suppliers as well in the region.
Sources
10 March 2011: Heti Vigál Gazdaság
25 January 2011: Világ Gazdaság
16 March 2011: Index
Citation
Eurofound (2011), Opel, Business expansion in Hungary, factsheet number 71751, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71751.
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