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 Electrical Equipment 27 - Manufacture of electrical equipment
200 jobs Number of planned job creations
Announcement Date
15 November 2011
Employment effect (start)
Foreseen end date
30 June 2012
Description
On 15 November 2011, German-owned sensor manufacturer Pepperl+Fuchs stated that it will hire 200 employees for a new production hall in Veszprém, Hungary. The site is expected to be operational by the end of June 2012.
Pepperl+Fuchs produces electronic sensors, plastics and metal parts. The annual revenue of the company has risen by HUF 1 billion (EUR 3,2 million) in 2011 compared to 2010. The investment into this Hungarian base is a part of the rationalization efforts of the company's activity.
Sources
15 November 2011: Budapest Business Journal
15 November 2011: Elemzésközpont
15 November 2011: TőzsdeFórum
Citation
Eurofound (2011), Pepperl+Fuchs, Business expansion in Hungary, factsheet number 72731, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72731.
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