Restructuring events
European Restructuring Monitor (ERM)
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.
US-based drivetrain parts manufacturer Dana's will have the structure of its fourth Győr factory by the end of the summer, while the construction will be completed by the end of the year.
Built in a EUR 46 million investment, supported with a HUF 2,9 bn (EUR 9,5 million) state grant, the 13,000 square meter facility – an addition to Dana's three other factories in Győr – will create 200 new jobs by 2020. Management is already in place, hiring for all positions will start at the beginning of 2018.
Production will start at the new unit at the beginning of 2019.
Present in the country since 2005, Dana currently employs around 700 people in Hungary.
Eurofound (2017), Dana Hungary, Business expansion in Hungary, factsheet number 91821, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91821.