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.
On 10 November 2011 Nokia Siemens Networks signed a job creation agreement with Hungary's government committing to the creation of 224 jobs. The new jobs created at Nokia's research centre will be filled with participants of Nokia Siemens Networks' scholarship program. About 50 students participate in different research projects each semester under the programme which involves 13 universities.
The research base has been an investment of HUF 2,7 billion (EUR 8,8 million) and the job creation was supported by the HUF 270 million (EUR 87000) state grant.
Nokia Siemens Networks established its R&D centre in Budapest in 1998.
Eurofound (2011), Nokia Siemens, Business expansion in Hungary, factsheet number 72726, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72726.