Restructuring events
European Restructuring Monitor (ERM)
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.
Elqotec Magyarország Kft., a subsidiary of a global electronics manufacturing services (EMS) company in the communications technology field, is to hire 500-600 people from the end of September, increasing its current workforce to over 7000. The exact number of new employees has not been fixed yet. Assembly jobs will be offered to the population in Baranya county, as well as the neighbouring Somogy county. New employees will be hired on open-ended contract contracts. Job creation is a result of increased demand from the company's clients due to seasonal cycle. Az Elcoteq Magyarország Kft. has been operating in Hungary since 1998 with two units in Pécs and one in Cserkút, Baranya county, manufacturing 100 types of electronic equipment.
Eurofound (2007), Elcoteq, Business expansion in Hungary, factsheet number 65899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65899.