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
100 jobs Number of planned job creations
Announcement Date
23 May 2014
Employment effect (start)
23 May 2014
Foreseen end date
31 December 2015
Description
Korean automotive company Mando Corporation will create an additional 100 jobs at its newly opened factory in Poland. At present, 216 people are employed at the site but the company has announced that the total employment at the plant will be 450 by the end of 2015. That is 100 more jobs than was previously reported by the ERM in 2011.
According to the source, the new plant will produce automotive brake systems. The factory is located in Wałbrzych (Special Economic Zone of Wałbrzych). According to the source, the investment is worth €80 million and this is the first European manufacturing facility of Mando Corporation.
Sources
26 May 2014: Wałbrzych Nasze Miasto
23 May 2014: Rzeczpospolita
Citation
Eurofound (2014), Mando Corporation, Business expansion in Poland, factsheet number 77226, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77226.
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