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 29.10 - Manufacture of motor vehicles
1,100 jobs Number of planned job creations
Announcement Date
14 December 2017
Employment effect (start)
14 December 2017
Foreseen end date
Description
Hungarian-owned Inter Traction Electrics Kft. opened its new education, research and development centre in Debrecen, Hajdú-Bihar county which will create 250-300 new jobs.
The inauguration was held in conjunction with the unveiling of the 'Reform 500' bus model, developed by the company in cooperation with Daimler-owned EvoBus.
The new Debrecen facility is part of a EUR 70 million (HUF 21.65 billion) investment, and the soon-to-be constructed 150,000 square metres production plant, projected to manufacture 1,000 buses annually, will employ a further 800 people.
Sources
14 December 2017: Hirado.hu
15 December 2017: hvg.hu
Citation
Eurofound (2017), Inter Traction Electrics, Business expansion in Hungary, factsheet number 92923, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92923.
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