Prevent Premium & Interior

Type
Closure
Country
Hungary
Region
Dunántúl; Nyugat-Dunántúl;
Location of affected unit(s)
Körmend, Lenti, Nagykanizsa
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
300 jobs
Number of planned job losses
Job loss
Announcement Date
1 March 2017
Employment effect (start)
28 February 2017
Foreseen end date
28 February 2017

Description

Austrian-based car parts manufacturer Prevent Group closed down its quality car upholstery manufacturing plants in Körmend, Lenti and Nagykanizsa. The Hungarian branch, Prevent Premium & Interior Kft. employed more than 300 people, and all were let go. With clients such as Audi, BMW, Daimler, Nissan, Opel and Rolls Royce, Prevent Premium & Interior Kft. reported EUR 1,7 million profits on EUR 20 million revenue in 2015. Premium has plants in Austria, Germany, Slovenia, Croatia, Bosnia and Herzegovina, Romania, Russia and Brazil.

Sources

  • 1 March 2017: Webradio.hu
  • 1 March 2017: vg.hu

Citation

Eurofound (2017), Prevent Premium & Interior, Closure in Hungary, factsheet number 90362, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90362.