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.
The largest British automotive manufacturer, Jaguar Land Rover, opens a new technical engineering centre in Budapest. It will operate with a 100 strong workforce, mostly researchers, engineers and production experts, working on developing and launching new vehicle models. The positions are already open to applicants.
The centre will open in early 2019. The development work of the centre will be part of the global R&D and engineering operation headquartered in the UK. The centre will closely collaborate with the suppliers located in Central and Eastern Europe. JLR has similar development centres in the UK, Ireland, China and North America.
Model development is gaining importance for the firm because, according to the plans, from 2020 all new JLR models will be fully electric or hybrid.
Eurofound (2018), Jaguar Land Rover Hungary, Business expansion in Hungary, factsheet number 95794, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95794.