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.
Alföld és Észak; Észak-Magyarország; Borsod-Abaúj-Zemplén
Location of affected unit(s)
Ózd
Sector
Manufacturing (26 - 27) Manufacture of electrical, electronic and optical products 27.3 - Manufacture of wiring and wiring devices 27.33 - Manufacture of wiring devices
260 jobs Number of planned job creations
Announcement Date
23 June 2022
Employment effect (start)
2 October 2025
Foreseen end date
2 October 2025
Description
Liechtenstein-based audiovisual equipment manufacturer Neutrik inaugurated its new plant in Ózd, Northern Hungary. The production site will assemble electronic and circuit connectors. The investment has created approximately 260 new jobs, mainly permanent full-time positions in production. Operations officially started in October 2025, with recruitment of local staff and integration of some former Johnson Electric employees.
The new assembly plant has been established on the site of the former Johnson Electric factory, Johnson Electric 2021 - Hungary which was closed in 2022.
The company’s goal was to regionalize its European supply chain by establishing a regional competence centre. The investment totaled nearly €10 million, with 38% of the amount provided by the Hungarian government as a non-refundable grant.
Eurofound (2022), Neutrik Hungary, Business expansion in Hungary, factsheet number 203464, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203464.
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