Continental Automotive Hungary

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Kobanya
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
100 jobs
Number of planned job creations
Job creation
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://apps.eurofound.europa.eu/restructuring-events/detail/76472.