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 29.2 - Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers
100 jobs Number of planned job creations
Announcement Date
15 May 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
Magna Automotive, an automotive supplier company, will hire 100 new employees by the end of 2012 for its test production site in Helvecia, Hungary. At the site Magna produces interior carpits, elements of luggage compartments and doors for Mercedes cars made in Kecskemét. The new investment was made possible with the state support in the framework of the New Széchenyi Plan.
Magna Automotive employs more than 111,000 people in 275 factories worldwide.
Sources
15 May 2012: Heti Világ Gazdaság
16 May 2012: Menedzser Fórum
Citation
Eurofound (2012), Magna Automotive Hungary, Business expansion in Hungary, factsheet number 73585, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73585.
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