Continental Automotive Hungary

Type
Business expansion
Country
Hungary
Region
Dunántúl; Közép-Dunántúl; Veszprém
Location of affected unit(s)
Veszprém
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
123 jobs
Number of planned job creations
Job creation
Announcement Date
2 July 2013
Employment effect (start)
2 July 2013
Foreseen end date

Description

Continental Automotive Hungary announced investment plans of 3.4 million euros and the recruitment of 123 new employees at its site in Veszprém, which currently employs 1,552 people.

Between 2009 and 2014 Continental has planned to invest a total of 50 million euros in research and development, capacity expansion and the creation of 477 jobs in Hungary.

For information on previous restructuring events in 2012, see here.

Sources

  • 2 July 2013: Portfolio
  • 2 July 2013: MenedzserFórum

Citation

Eurofound (2013), Continental Automotive Hungary, Business expansion in Hungary, factsheet number 75630, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75630.