Autonet Logistic

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Pest; Pest
Location of affected unit(s)
Üllő
Sector
Transportation / Storage
52 - Warehousing, storage and support activities for transportation
52.1 - Warehousing and storage
52.10 - Warehousing and storage
130 jobs
Number of planned job creations
Job creation
Announcement Date
7 October 2022
Employment effect (start)
1 October 2022
Foreseen end date

Description

Autonet Logistic, a Hungarian subsidiary of auto-part supplier Swiss Automotive Group (SAG), opened its new highly automatised warehouse in Üllő and is creating 130 new jobs. The warehouse will serve not only the 19 Hungary-based sites of the SAG group, but will also operate as a Central European logistic hub. The investment cost amounts to just under €27 million, about €3.4 million of which the Hungarian government granted as a non-refundable subsidy.As of 24 October, there is no foreseen date for the end of this restructuring.

Sources

Citation

Eurofound (2022), Autonet Logistic, Business expansion in Hungary, factsheet number 107621, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107621.