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 (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.32 - Manufacture of other parts and accessories for motor vehicles
300 jobs Number of planned job creations
Announcement Date
11 May 2023
Employment effect (start)
11 November 2025
Foreseen end date
Description
The Hungarian subsidiary of Canadian auto industry supplier Magna International has started producing at its new manufacturing facility in Vecsés, Central Hungary. The site commenced operations with 240 employees, with plans to expand the workforce to 300.
The establishment of the new plant is part of the strategic expansion of the company’s European production network. It will produce structural body solutions and chassis systems for leading German OEMs.
The project forms part of Magna’s global strategy to expand capacity for sustainable and high-technology mobility solutions, supported by a €50 million investment and €10 million in state aid from the Hungarian government. Production started in November 2025 and applies advanced automated technologies and high-standard quality assurance systems. All newly created roles are full-time positions linked to manufacturing, engineering and operational activities.
Magna International, with more than 174,000 employees across 30 countries, has been present in Hungary since 2011 and continues to strengthen its role as a major automotive supplier in Central Europe
11 May 2023: Hungarian Investment Promotion Agency (hipa.hu)
Citation
Eurofound (2023), Magna Body & Chassis Hungary , Business expansion in Hungary, factsheet number 203709, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203709.
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