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.
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Ózd
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.9 - Manufacture of other electrical equipment
600 jobs Number of planned job creations
Announcement Date
16 December 2011
Employment effect (start)
16 December 2011
Foreseen end date
31 December 2013
Description
Johnson Electric, provider of motors and motion components to the automotive industry, has enlarged its factory in Ózd and announced to increase the number of employees by 600 until 2013. Hiring has already started and will be running continuously.
The company has bought a new processing hall and is rebuilding it to enlarge its capacity. This development is seen as important for the region, which has the highest unemployment rate in Hungary.
Johnson Electric employs around 40,000 people worldwide and provides its motors and motion sub-systems as well as other products to the automotive, medical and manufacturing industry amongst others. Johnson Electric has been operating in Hungary since 2004 and is registered in Hatvan, Heves county.
Sources
16 December 2011: Menedzsment Fórum
16 January 2012: Népszabadság
Citation
Eurofound (2011), Johnson Electric Hungary, Business expansion in Hungary, factsheet number 72995, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72995.
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