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 (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 22.1 - Manufacture of rubber products 22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
120 jobs Number of planned job creations
Announcement Date
10 February 2017
Employment effect (start)
10 February 2017
Foreseen end date
1 January 2020
Description
Japanese manufacturer Bridgestone extended its Tatabánya passenger car tyre plant to 147 000 square metres, doubling its area. 70 percent of the new manufacturing equipment is already installed and operational. The expansion is part of an HUF 85 billion (cca 275 million EURO) investment program started in 2013 with the aim of the factory quadrupling its production by 2020 to 7,2 million units. The Tatabánya plant produced 2 million tyres in 2016. The current 800-strong workforce is expected to rise to 920 by 2020.
Sources
10 February 2017: Privatbankar.hu
10 February 2017: hrportal.hu
Citation
Eurofound (2017), Bridgestone, Business expansion in Hungary, factsheet number 90185, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90185.
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...