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
123 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75630.
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