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
160 jobs Number of planned job creations
Announcement Date
17 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
Portuguese company TMG Automotive has announced plans to create 160 new jobs in Braga by 2020. The investment was made possible due to a loan of €25 million from the European Investment Bank (EIB). The loan was granted to the company in order to promote innovative and sustainable processes and raise its production capacity. TMG will use the funding to improve its industrial facilities and focus on the use of new technologies, which will reduce fuel consumption and pollutant emissions of cars.
Sources
Citation
Eurofound (2018), TMG Automotive, Business expansion in Portugal, factsheet number 96300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96300.
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