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
300 jobs Number of planned job creations
Announcement Date
14 December 2017
Employment effect (start)
1 January 2018
Foreseen end date
31 December 2021
Description
Punch Powerglide Strasbourg has announced to recruit 300 employees by 2021 in the framework of an investment plan of €44 million to develop and produce a gearbox for hybrid vehicles. Its first client is a Chinese company. The production launch is scheduled for mid 2019. In 2021, the plant is expected to generate € 750 million in turnover (with 750,000 units produced against 380,000 units this year) and to employ 300 more employees. 100% of Punch Powerglide's production is exported to its two main markets, Europe and China.
Sources
14 December 2017: Le Journal des entreprises
Citation
Eurofound (2017), Punch Powerglide, Business expansion in France, factsheet number 92912, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92912.
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