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
550 jobs Number of planned job creations
Announcement Date
7 February 2017
Employment effect (start)
Foreseen end date
31 December 2017
Description
Manufacturer of parts and components for motor vehicles International Automotive Components Group (IACG) has announced that it will create 550 jobs at its new plant in Opole (Wałbrzych Special Economic Zone, Poland) in 2017. The construction works started in January 2017 and production is set to start in 2017. The estimated value of the investment reaches USD 20 million (EUR 18.54 million). The plant will produce a range of premium hand-made components for car cockpits.
IACG, headquartered in Luxembourg, has over 100 production facilities in over 20 countries employing 30,000 people.
Sources
7 February 2017: Money.pl
Citation
Eurofound (2017), International Automotive Components, Business expansion in Poland, factsheet number 90197, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90197.
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