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 29.32 - Manufacture of other parts and accessories for motor vehicles
135 jobs Number of planned job creations
Announcement Date
26 January 2017
Employment effect (start)
Foreseen end date
Description
The Indian multinational company Sakthi is opening a new factory in Águeda, which will lead to the creation of 135 new jobs. The business expansion involves a €36 million investment. In addition to the 135 jobs created at the factory, the investment is expected to generate more than 500 jobs indirectly. Automotive components, namely for brake, transmission, suspension and motor systems, will be produced at the factory. The factory was officially opened on 18 February 2017.
Sources
26 January 2017: Litoral magazine
Citation
Eurofound (2017), Sakthi, Business expansion in Portugal, factsheet number 90489, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90489.
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