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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job creations
Announcement Date
6 June 2005
Employment effect (start)
1 January 2006
Foreseen end date
Description
German NORD will construct an €8 million plant of shafts, gear wheels, and assembling moto reducers in the Kostrzyń-Słubice Special Economic Zone. Eventually employment will reach the level of 200 persons. Poland is already one of the most important clients of reducer engines of Getriebebau NORD, and thus most of the output will be designated for the Polish market.
Construction works at the site will be commenced in 2005, while the launch of production is scheduled for 2006. Initially the investor will construct a production facility of 6,000 m, which will employ 20 full-time employees. In the foreseeable future the company intends to expand the plant, which would enable to create additional 80 new jobs. Eventually the employment will increase to 200 persons.
Sources
2 June 2005: The Polish Information and Foreign Investment Agency
Citation
Eurofound (2005), NORD Napędy Zakłady Produkcyjne, Business expansion in Poland, factsheet number 61715, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61715.
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