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
120 jobs Number of planned job creations
Announcement Date
10 February 2017
Employment effect (start)
10 February 2017
Foreseen end date
1 January 2020
Description
Japanese manufacturer Bridgestone extended its Tatabánya passenger car tyre plant to 147 000 square metres, doubling its area. 70 percent of the new manufacturing equipment is already installed and operational. The expansion is part of an HUF 85 billion (cca 275 million EURO) investment program started in 2013 with the aim of the factory quadrupling its production by 2020 to 7,2 million units. The Tatabánya plant produced 2 million tyres in 2016. The current 800-strong workforce is expected to rise to 920 by 2020.
Sources
10 February 2017: Privatbankar.hu
10 February 2017: hrportal.hu
Citation
Eurofound (2017), Bridgestone, Business expansion in Hungary, factsheet number 90185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90185.
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