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)
Felsőzsolca
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
120 jobs Number of planned job creations
Announcement Date
21 June 2016
Employment effect (start)
31 December 2016
Foreseen end date
31 December 2020
Description
The French-owned SICTA Group -  automotive suppliers in the field of production of turbochargers -handed over its new 1,500-square-metre office building and a warehouse facility in Felsőzsolca.  Until now, the French owner has invested approximately HUF 7.5 billion (EUR 23.5 million) into its Borsod factory, and in the following four years an additional HUF 3.7 billion (EUR 11.6 million ) expansion will be implemented, increasing the number of employees by 120 people. The company will create 50 new jobs by the end of 2016.
Sources
21 June 2016: origo.hu
21 June 2016: Profitline.hu
Citation
Eurofound (2016), Sicta, Business expansion in Hungary, factsheet number 88031, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88031.
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