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)
Mezőköveds
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.25 - Manufacture of non-domestic cooling and ventilation equipment
140 jobs Number of planned job creations
Announcement Date
26 April 2012
Employment effect (start)
26 April 2012
Foreseen end date
Description
Modine Hungary has opened its new manufacturing hall in Mezőkövesd, where 140 new hiries will start to work as of April 2012. The construction of the 5400 square meter hall required around EUR 10 million investment.
Modine Hungary has been established in 1991 with 13 employees. Last year the company operated in Mezőkövesd with 400 employees and another 70 people in Gyöngyös. It specializes in designing, engineering, testing, and manufacturing heat transfer products for a wide range of applications and markets.
Sources
26 April 2012: Napi Gazdaság
26 April 2012: HR Portal
Citation
Eurofound (2012), Modine Hungary, Business expansion in Hungary, factsheet number 73529, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73529.
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