General Electric

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Pest; Pest
Location of affected unit(s)
Fot
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
100 jobs
Number of planned job creations
Job creation
Announcement Date
14 March 2014
Employment effect (start)
14 March 2014
Foreseen end date
31 May 2014

Description

General Electric (GE) has announced the launch of a new facility for the production of unit control panels for the oil and gas industry in its plant in Fót. As reported, more than 100 new jobs are to be created, including 40 for engineers. According to the sources, GE is one of the biggest investors in Hungary employing more than 12,000 people.

Sources

  • 14 March 2014: Budapest Business Journal
  • 14 March 2014: Orient Press

Citation

Eurofound (2014), General Electric, Business expansion in Hungary, factsheet number 76810, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76810.