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
800 jobs Number of planned job losses
Announcement Date
10 April 2017
Employment effect (start)
10 April 2017
Foreseen end date
31 December 2017
Description
American automotive seating and electrical manufacturer Lear Corporation is ceasing production of car seat covers in Hungary in its Mór factory, laying off 800 employees. Operating since 1993, the Mór facility will gradually wind down production by the end of the year, its activities will be moved moved to Lear's other foreign factories with lower labor costs. Lear Corporation Hungary has three other factories, the ones in Gödöllő and Gyöngyös produce car wiring parts, while the Győr facility produces whole car seats – these factories will keep operating. As of February 2017, Lear Corporation employed 3240 people in Hungary.
Sources
10 April 2017: Napi.hu
10 April 2017: index.hu
Citation
Eurofound (2017), Lear Corporation HUngary, Relocation in Hungary, factsheet number 90732, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90732.
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