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.
German auto manufacturer Schaeffler launched a new production site in Szombathely. Over the next five years, 150 new jobs will be created at the new plant, with further expansion envisaged afterwards.
The new plant will produce electric motor components, elevating the participation of the conglomerate in the field of electromobility to a new level. The factory is expected to reach maximum capacity between 2026 and 2029. The investment cost was about €67 million, €14 million of which was granted by the government.
Schaeffler had already two plants in Szombathely, the first one has been operating for 25 years. With the third unit, Szombathely will become one of the largest Schaeffler production hubs globally.
Eurofound (2021), Schaeffler Savaria, Business expansion in Hungary, factsheet number 105285, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105285.