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 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
240 jobs Number of planned job creations
Announcement Date
10 April 2015
Employment effect (start)
1 July 2015
Foreseen end date
31 December 2015
Description
Indian-owned tyre manufacturer Apollo Tyres is to create 975 new jobs at a new plant in Gyöngyöshalász (Hungary). About 240 jobs will be created in 2015. The recruitment for the new factory has started at the beginning of this year and the company has signed scholarship programmes with some 90 technicians to be employed as of 1 July 2015. Another 150 technicians will be employed in the second half of the year. The production plant is expected to produce 5.5 million passenger car and light truck (PCLT) tyres and 675,000 heavy commercial vehicle (HCV) tyres per annum.
Sources
10 April 2015: Hirado.hu
10 April 2015: BBJ
Citation
Eurofound (2015), Apollo Tyres, Business expansion in Hungary, factsheet number 79215, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79215.
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