EMCC European Monitoring Centre on Change

Magneti Marelli

Company/Organisation:
Magneti Marelli

Geographic Location

Country: Slovakia
Region: Kosicky kraj; Vychodne Slovensko
Location of affected unit(s): Kechnec

Company

Sector: Manufacturing
Manufacture of transport equipment
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
Number Employed: 583

Employment Effects

Announcement Date: 03-04-2014
Type of Restructuring: Business expansion
Employment Effect Start: 03-04-2014
Foreseen End Date: 31-12-2017
Planned Job Creation: 617

Additional Information

Italian supplier of electrical automotive parts, Magneti Marelli, expands its business in Kechnec nearby Kosice, where 617 jobs are to be created.

According to the company’s spokesperson, the expansion is attributed to the production of new high-tech components for significant car producers like Volkswagen, Peugeot-Citroen, Renault and Fiat.

In 2007, the ERM reported on the opening of the plant in Kechnec.