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 automotive conglomerate Mercedes-Benz continues its ongoing large-scale capacity expansion at its Kecskemét production site. The expansion will create several thousand new jobs in the future. As Mercedes-Benz 2023 - Hungary reported earlier, the recruitment connected to the planned capacity expansion has already begun, and the number of new jobs amounts to 200 in 2023. In the coming years, the number of additional personnel may go up to 3000.
The investment includes the construction of a new assembly plant and a new car body plant, along with the comprehensive upgrading of the polishing plant.
According to the CEO of the Hungarian subsidiary, the production capacity may be doubled by the investment. Moreover, the expansion is part of the shift to electric vehicles. From the middle of the decade, the Kecskemét plant will start producing new, fully electric models.
The investment cost is more than €1 billion, part of which is covered by a government grant of €35 million
Eurofound (2023), Mercedes-Benz Manufacturing Hungary, Business expansion in Hungary, factsheet number 200635, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200635.