Restructuring events
European Restructuring Monitor (ERM)
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.
German car leather upholstery manufacturer Schäfer-Oesterle opened a new production hall in Bonyhád (southwest Hungary) with a HUF 130 million (EUR 424,000) investment.
With the 1,200 square meter expansion of the originally 4,000 square meter plant, opened in 2015, production is projected to increase by 25% and the workforce will rise from 300 to 400 people.
Schäfer-Oesterle will continue the expansion of its business in Bonyhád: the major and the company's executive director already signed an agreement regarding the opening fo another 1,000 square meter production hall.
The Bonyhád factory currently produces 2,200 car interior parts daily, used by car manufacturers Audi, BMW, Lamborghini, Porsche, Rolls-Royce and Bentley.
Eurofound (2017), Schäfer-Oesterle, Business expansion in Hungary, factsheet number 91457, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91457.