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 - Manufacture of motor vehicles, trailers and semi-trailers
60 jobs Number of planned job creations
Announcement Date
14 September 2018
Employment effect (start)
14 September 2018
Foreseen end date
31 December 2018
Description
The Hungarian subsidiary of US-based car manufacturer Ford Motors opened its new Business Service Centre in Budapest in mid-September. The opening of the new centre is part of the ongoing restructuring of the European operation of Ford Motors that involves a gradual broadening of business service operations at the Budapest knowledge centre in various fields, including marketing, pricing, product management, production management. Also, the human resources function will be concentrated into as few as three regional centres, and Budapest will be the centre covering Europe, the Middle East and Africa.
While the launch of the new Service Centre itself had only limited immediate effect on the number of employees, the firm plans to increase the workforce, along with the ongoing expansion of activities, by 60-80 by the end of 2018 and another 100 by the end of 2019.
Sources
Citation
Eurofound (2018), Ford Közép- és Kelet-Európai, Business expansion in Hungary, factsheet number 95456, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95456.
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