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
300 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90362.
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