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.
Thyssenkrupp Automotive Technology, a German automotive technology company, announced 200 job cuts in its development operations in Hungary. At the same time, the management plans to create 60 new jobs in Budapest, in the field of global business support. The restructuring targets engineering and software teams that support electric and autonomous vehicle systems, and is part of a broader strategic repositioning of the company’s global support functions. Management cited shifting customer demands, volatile demand patterns, and persistent cost pressure as the main drivers, while also accelerating digital capabilities in software and electronics integration.
Thyssenkrupp currently employs a total of about 3000 people in Hungary.
Eurofound (2026), Thyssenkrupp Automotive Technology, Internal restructuring in Hungary, factsheet number 300624, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300624.