Leoni Hungária

Type
Offshoring/Delocalisation
Country
Hungary
Region
Alföld és Észak; Észak-Magyarország; Heves
Location of affected unit(s)
Eger
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
New offshoring locations
Romania
250 jobs
Number of planned job losses
Job loss
Announcement Date
2 June 2005
Employment effect (start)
Foreseen end date
1 October 2005

Description

Leoni Hungária manufactures cables for Volkswagen and Audi. The company will cut 250 jobs and partially relocate the production to Romania before October 2005. The reason for the relocation was the lowest production costs in Romania.

Sources

  • 2 June 2005: Napi Gazdaság

Citation

Eurofound (2005), Leoni Hungária, Offshoring/Delocalisation in Hungary, factsheet number 61680, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61680.