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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
200 jobs Number of planned job creations
Announcement Date
17 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
30 June 2008
Description
The outgoing CEO of Ericsson's Hungarian unit announced its plans to expand the workforce in the next one and half a year by 200 employees. The Hungarian unit of Ericsson, the world's leading maker of wireless telecommunications equipment, expects to increase the number of researchers by the end of 2007, while the number of staff in services will rise as well. Ericsson Hungary spends about HUF 10 billion a year on innovation. The company controls 70% of Hungary's market for GSM and the second-generation mobile services infrastructure. It is the only company in Hungary to have built a third-generation wireless network. Ericsson Hungary's new CEO said at a press conference that the company aims to achieve a bigger share of the landline and mobile broadband internet market in Hungary.
Sources
18 November 2006: Népszabadság
18 November 2006: origo.hu
Citation
Eurofound (2006), Ericsson, Business expansion in Hungary, factsheet number 64481, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64481.
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