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 (29 - 30) Manufacture for transport equipment 29.1 - Manufacture of motor vehicles 29.1 - Manufacture of motor vehicles
123 jobs Number of planned job creations
Announcement Date
2 July 2013
Employment effect (start)
2 July 2013
Foreseen end date
Description
Continental Automotive Hungary announced investment plans of 3.4 million euros and the recruitment of 123 new employees at its site in Veszprém, which currently employs 1,552 people.
Between 2009 and 2014 Continental has planned to invest a total of 50 million euros in research and development, capacity expansion and the creation of 477 jobs in Hungary.
For information on previous restructuring events in 2012, see here.
Sources
2 July 2013: Portfolio
2 July 2013: MenedzserFórum
Citation
Eurofound (2013), Continental Automotive Hungary, Business expansion in Hungary, factsheet number 75630, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75630.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...