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 29.3 - Manufacture of parts and accessories for motor vehicles
100 jobs Number of planned job creations
Announcement Date
15 January 2014
Employment effect (start)
Foreseen end date
Description
Automotive components manufacturer Continental Automotive Hungary is to establish a new production line in its site in Kobanya, where 100 jobs are to be created.
This is part of a long term investment plan, running from 2009 to 2014, that envisages the creation of a total of 477 work places.
Continental Automotive Hungary has emerged in November 2011 from the merger of two subsidiaries of the German Continental group, Continental Teves and Budapest Temic Hungary. For previous restructurings in Hungary see HU2012 and HU2013.
Sources
15 January 2014: Villág Gazdaság
15 January 2014: Index
15 January 2014: Menedzsment Fórum
Citation
Eurofound (2014), Continental Automotive Hungary, Business expansion in Hungary, factsheet number 76472, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76472.
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