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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.76 - Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores
150 jobs Number of planned job creations
Announcement Date
12 September 2022
Employment effect (start)
1 September 2022
Foreseen end date
Description
German pet product retailer Fressnapf is going to establish a new business services centre (BSC) in Budapest which will have a staff of up to 150 employees, mostly white-collar workers. The new BSC is expected to start operating in October 2022. The newly hired personnel will be trained.
The international centre will provide a wide range of services in English, German and French, including accounting, payroll, HR, data management, etc. The establishment of a call centre is also envisaged.
According to the management, the Budapest centre will serve as a base for further expansion in Eastern Europe and potentially for online expansion in Southern Europe.
The Fressnapf has been present in Hungary for two decades and now it has more than 50 stores all over the country.
Sources
12 September 2022: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2022), Fressnapf-Hungária, Business expansion in Hungary, factsheet number 107411, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107411.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
