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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Trade, Except Of Motor Vehicles And Motorcycles 46 - Wholesale trade, except of motor vehicles and motorcycles
120 jobs Number of planned job creations
Announcement Date
29 August 2005
Employment effect (start)
1 September 2005
Foreseen end date
1 September 2006
Description
US-based Universal Group plans to develop a new logistics centre near Zalalövő, Hungary investing over Ft 4.5 billion. As part of its first project in Hungary, the American company will develop a 7,500 square metres new industrial space. The logistics facility will become operational by September 2006 and employ a staff of 100 to 120. Universal Group has further plans to add four more buildings and a cold storage facility to the complex at a later date, with an assembly plant as well.
Sources
29 August 2005: Napi Gazdaság
Citation
Eurofound (2005), Universal Group, Business expansion in Hungary, factsheet number 62176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62176.
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.
