Type
Closure
Country
Hungary
Region
Kozep-Magyarorszag;
Location of affected unit(s)
Budapest, VIII. district
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

512 jobs
Number of planned job losses
Job loss
Announcement Date
6 May 2014
Employment effect (start)
1 June 2015
Foreseen end date

Description

By the middle of 2015, the plant of Michelin Hungaria in Budapest will be closed. According to Michelin, the reason is the outdating of the plant, and the shrinking market for truck tires. 512 jobs will be lost.


Sources

  • 6 May 2014: Napi
  • 6 May 2014: Michelin Hungária (Press Release)
  • 6 May 2014: BBJ

Citation

Eurofound (2014), Michelin Hungária, Closure in Hungary, factsheet number 76998, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76998.