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
900 jobs Number of planned job creations
Announcement Date
9 November 2005
Employment effect (start)
Foreseen end date
31 December 2008
Description
Germany's Freudenberg, which produces seals and vibration control technology for vehicles and machines, plans to invest €10 million at its Hungarian manufacturing plants. Currently, the company employs 900 people in the country and seeks to double this number over the next three years. Freudenberg also sells dust cloths and gloves in Hungary. The company has invested €40 million in Hungary in the last 10 years.
Sources
9 November 2005: Népszabadság
Citation
Eurofound (2005), Freudenberg, Business expansion in Hungary, factsheet number 62511, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62511.
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