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
216 jobs Number of planned job creations
Announcement Date
28 August 2015
Employment effect (start)
Foreseen end date
Description
ContiTech Fluid Automotive Kft. and ContiTech Magyarország Kft., subsidiaries of the Continental Group, will expand production capacity at their Makó and Nyíregyháza facilities following an investment of about HUF 5 billion. This was part subsidized by the Hungarian government (HUF 1.05 billion). 216 jobs will be created. The Contitech subsidiaries produce heating and cooling system components and piping for car manufacturers.
Sources
28 August 2015: Napi.hu
28 July 2015: Hirado.hu
Citation
Eurofound (2015), ContiTech, Business expansion in Hungary, factsheet number 84697, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84697.
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