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.
US-Japanese company Delphi is investing $16 million to increase capacity at its Balassagyarmat's unit in Northern Hungary. Delphi-Calsonic Hungary in Balassagyarmat is one of the two Hungarian subsidiaries of American company Delphi Corporation which produces mobile electronics and transportation components. The investment in Delphi-Calsonic, which produces compressors for air conditioners, is a result of a new order from car maker Audi and a decision to shut down its plant in Douai, France, until August 2007, and move production to the Hungarian unit. The investment would raise the unit's annual production capacity from 1.1 million to 1.8 million units. Relocation of the manufacturing equipment from Douai has already started and the most important task for the company is to maintain production level and supply General Motors Europe, Nissan-Renault and Audi while the French plant is being closed down and the Hungarian unit is being expanded. After the plant in Douai is closed, Delphi-Calsonic will become Delphi's only producer of air conditioner compressors, CFO László Kocsis explained. As a result of the expansion, Delphi-Calsonic will increase its 480-strong workforce, including 40 contract workers, to 700 by 2009. Between 100 and 150 new staff will be hired in the first half of 2007, including a number of engineers.
Eurofound (2006), Delphi, Business expansion in Hungary, factsheet number 64638, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64638.