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.
A new production unit of MATE, a subsidiary of the Indian automotive supplier Samvardhana Motherson Group (SMG) has been built in Túrkeve and inaugurated on 22 May. The new plant will employ 100 workers. The investment cost was €16 million, and nearly €1.5 million (HUF 480 million) of which was provided by the Hungarian state.
The new production unit includes an injection moulding plant and an assembly unit. This will be the sixth production facility of the SMG in Hungary. The group already employs more than 3,000 workers at its Hungarian sites. One of the six facilities – SMR Hungary – is one of the largest rear-view mirror factories of the world. In recent years, SMG repeatedly expanded and developed its Hungarian operations.
Eurofound (2019), MATE (Motherson Automotive Technologies and Engineering), Business expansion in Hungary, factsheet number 97804, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97804.