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 (13 - 15) Manufacture of textiles, apparel and leather 13.9 - Manufacture of other textiles 13.96 - Manufacture of other technical and industrial textiles
182 jobs Number of planned job creations
Announcement Date
7 February 2018
Employment effect (start)
7 February 2018
Foreseen end date
Description
Turkish-owned Metyx Hungary Kft. extended its production plant in Kaposvár, southwestern Hungary. Four new production lines have been added and created 182 new jobs.
The 6,000 square meter extension required a HUF 3.2 billion (EUR 10.26 million) investment was supported by a HUF 902.5 million (EUR 2.9 million) state grant.
The producer of of high-performance technical textiles (multiaxial reinforcements, RTM reinforcements, woven fabrics, textile vacuum bagging products, surface veils) has been present in Hungary since 2015. The Kaposvár facility is its third production plant, and the first outside Turkey.
Sources
7 February 2018: sonline.hu
Citation
Eurofound (2018), Metyx Hungary, Business expansion in Hungary, factsheet number 93396, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93396.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...