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 29.32 - Manufacture of other parts and accessories for motor vehicles
85 jobs Number of planned job creations
Announcement Date
18 June 2018
Employment effect (start)
18 June 2018
Foreseen end date
Description
Fhl Björn Hungary, manufacturer of automotive parts, is expanding and announced the creation of 85 new jobs in addition to its 402 existing employees, in the Transdanubia region of Hungary. A new Volkswagen commission is the reason behind the job creation. The main activity of the company is the manufacture of tube radiators and automotive products.
According to public company data, the company's revenues reached HUF 7 billion (EUR 21 million) in 2016, while the profit was HUF 4.2 million (EUR 12,800). in 2017, the revenue of the company was HUF 7.5 billion (EUR 22 million) and earned a profit of HUF 9.4 million (EUR 28,600).
Sources
18 June 2018: autoszektor.hu
18 June 2018: http://webradio.hu/
Citation
Eurofound (2018), Fhl Björn Hungary, Business expansion in Hungary, factsheet number 94435, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94435.
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