The report states that the German company would receive state support of EUR 5.5 million, and that has promised to create at least 1’000 new jobs – a number that would grow to more than 5’000 in three years when both new plants would be operational. The state-support deal also states that Leoni cannot reduce the number of employees over a five-year period.
The two new manufacturing facilities would produce cable systems for brands such as BMW, Jaguar and Land Rover, the report concludes.