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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
170 jobs Number of planned job creations
Announcement Date
2 October 2015
Employment effect (start)
Foreseen end date
Description
Festo AM Pneumatika Gyártó has established a new factory building at its Óbuda-based business premises and 170 new jobs will be created. Festo AM Pneumatika Gyártó was founded in 1991 and its headquarters are located in Budapest. 100% of the company's shares are owned by FESTO AG. The group has subsidiaries in 61 countries and sells its products in 176 countries in the electronics and automotive fields, as well as food and packaging industries, and it also offers complete pneumatic and electric automation technologies and engineering solutions.
Sources
1 October 2015: Munkajog.hu
1 October 2015: Stop.hu
Citation
Eurofound (2015), Festo AM, Business expansion in Hungary, factsheet number 84962, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84962.
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