Knorr- Bremse Vasúti Kft

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Budapest
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
200 jobs
Number of planned job creations
Job creation
Announcement Date
9 July 2010
Employment effect (start)
Foreseen end date
9 July 2010

Description

On 9 July 2010 Knorr-Bremse officially opened a new office in Budapest, Hungary to house their research and development operations. In a two-year period the company has hired more than 200 people, putting the total number of employees at around 970 in the new location. The company received state support for the 45 million Euro investment.

Knorr-Bremse have been operating their research and development centre in Budapest since 1995. The group based in Munich, Germany, manufacture braking systems for rail and commercial vehicles.

Sources

Citation

Eurofound (2010), Knorr- Bremse Vasúti Kft, Business expansion in Hungary, factsheet number 70703, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70703.