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.
Hungarian tool manufacturer Spinto Hungária is to open a new automotive machine tools production facility in Miskolc, Borsod-Abaúj-Zemplén county, the factory will create 140 jobs. Alonsgside the 100 skilled workers and technicians, Spinto is hiring 35 graduate engineers. The machinery in the factory reflects the latest developments in mold manufacturing.
Moreover the at the innovation level of German mold manufacturing. The Hungarian Minister of Foreign affairs affirmed that Miskolc has regained the position of stronghold of Hungarian industry, and that the unemployment in Borsod county fell to 5.5 percent.
The HUF 5,9 billion (EUR 18.9 million) business investment is supported by a HUF 2.4 billion (EUR 7.7 million) government grant. Located on a 3 hectare site, Spinto will have the opportunity to expand the production plant in the future.
Eurofound (2017), Spinto Hungária, Business expansion in Hungary, factsheet number 92480, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92480.