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
180 jobs Number of planned job creations
Announcement Date
19 April 2016
Employment effect (start)
30 December 2016
Foreseen end date
Description
German-owned OTTO FUCHS - a company manufacturing wheel rims - is expanding its plant in Tatabánya. The number of employees will increase by 180 workers by the end of the expansion project in late 2016. The investment will sum up to nearly HUF 13 billion (cca. EURO 43 million) and received a support from the Hungarian government of around HUF 1,2 billion (EURO 3,9 million).
Sources
19 April 2016: Hirado.hu
19 April 2016: Webradio.hu
Citation
Eurofound (2016), Otto Fuchs, Business expansion in Hungary, factsheet number 87382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87382.
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