Samsung Electronics Hungary

Type
Business expansion
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Jász-Nagykun-Szolnok
Location of affected unit(s)
Jaszfenyszaru
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
100 jobs
Number of planned job creations
Job creation
Announcement Date
19 September 2013
Employment effect (start)
1 January 2014
Foreseen end date

Description

Samsung is to create 100 job places in Hungary following the creation of a new production plant at Jaszfenyszaru. The plant is to be opened in January 2014.

The announcement was made after the company had signed a strategic agreement with the government that subsidizes Samsung’s plans.

Samsung is present in Hungary since 1989, employing around 3,000 workers in the country so far. In 2007, the company had already announced to expand its business in Jaszfenyszaru resulting in the creation of 1,000 jobs.

Sources

  • 19 September 2013: Világgazdaság
  • 19 September 2013: Menedzser Fórum

Citation

Eurofound (2013), Samsung Electronics Hungary, Business expansion in Hungary, factsheet number 76038, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76038.