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
250 jobs Number of planned job creations
Announcement Date
11 February 2020
Employment effect (start)
1 February 2020
Foreseen end date
31 December 2022
Description
Canadian multinational Linamar will create 250 new jobs at the Hungarian sites of Orosháza (100 jobs) and Békéscsaba (150 jobs).
Under a complex investment project worth of €78 million a new production hall, that will be used in the production of aerial work platforms and self-propelled scissor lifts, has been built in Orosháza. The production hall Békéscsaba will manufacture electric powertrains for premium electric cars. This latter project – the cost of which makes up about two-third of the total investment cost – is the largest industrial investment in the history of Békéscsaba so far.
Linamar has been active in Hungary since 1992, both as a manufacturer of agricultural machinery and as an automotive parts manufacturer. The present investment reflects a shift in the firm’s focus toward electromobility on the one hand, and a strengthening of its position as a producer of agricultural and general machinery on the other.
The government financially supported the investment, based on a one-off government decision.
Sources
11 February 2020: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2020), Linamar Hungary Autóipari és Gépgyártó Zrt., Business expansion in Hungary, factsheet number 99849, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99849.
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