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.
The multinational corporation, Kinetic Concepts, announced its intention open a global transaction services center in Budapest which would create 100 jobs in 2011.
KCI is a worldwide provider of advanced healing technologies and a wide spectrum of innovative products that aim to improve clinical outcomes, while helping to reduce the overall costs of care. KCI is world-wide operating company; the center in Hungary will be responsible for all operations in finance and administration. The company first plans to hire 50 highly educated multilingual professionals on a 2400 square meter establishment, which will be enlarged to 4200 square meter next year when reaching the planned 100 employees at the shared service center.
Eurofound (2010), Kinetic Concepts, Inc, Business expansion in Hungary, factsheet number 70940, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70940.