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.
Germany-based technology company ZF will establish two new production facilities in Hungary. The two sites will together create 313 new jobs.
The new plants will be located in Kecskemét, Southern Great Plain region, and Debrecen, Northern Great Plain region. They will supply front and rear axles for electric vehicles manufactured by BMW (in Debrecen) and Mercedes-Benz (in Kecskemét). The production sites are scheduled to be ready for operation by the end of 2024 and start producing in 2025.
The investment cost is €62.5 million. The Hungarian provides a subsidy of €6.25 million.
ZF has already a plant in Hungary which produces transmission gears
Eurofound (2023), ZF Hungária, Business expansion in Hungary, factsheet number 200659, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200659.
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