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 29.32 - Manufacture of other parts and accessories for motor vehicles
200 jobs Number of planned job creations
Announcement Date
27 April 2015
Employment effect (start)
1 September 2015
Foreseen end date
31 December 2016
Description
The car gearbox manufacturer Punch Powerglide is to recruit about 200 employees by 2016. The aim of the company is to increase its production of new 8 speed automatic gearboxes for the car manufacturer BMW. For this reason Punch Powerglad has decided on an investment of €60 million euro in its site increasing the workforce from 1,150 to 1,350 employees.
Sources
27 April 2015: Punch Powerglide (Press release)
27 May 2015: L'usine Nouvelle
Citation
Eurofound (2015), Punch Powerglide, Business expansion in France, factsheet number 83556, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83556.
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