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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
250 jobs Number of planned job creations
Announcement Date
12 July 2007
Employment effect (start)
1 October 2007
Foreseen end date
1 October 2010
Description
Celanese, an American firm that manufactures chemicals, is to create 250 new jobs in Budapest with the opening of an unit that will provide finance and accounting services to the group's operations in the U.S, Mexico and Western Europe. An investment of 15-20 million USD will be made in the new centre. The centre is due to open in October 2007, with an initial staffing of 40 to 50 finance and accounting workers. The 250 jobs will be created by October 2010, but at least 175 will be created by the end of 2008.
Sources
13 July 2007: Népszabadság
5 September 2007: Budapest Business Journal
Citation
Eurofound (2007), Celanese, Business expansion in Hungary, factsheet number 65792, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65792.
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