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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.41 - Freight transport by road
600 jobs Number of planned job creations
Announcement Date
26 March 2014
Employment effect (start)
Foreseen end date
26 March 2014
Description
Waberer's International has announced the hiring of 600 additional truck drivers in the Budapest region. This is additional to a previous job expansion initiative announced by the company a month before.
The company relocated its transport activities from foreign subsidiaries and invested in 500 new vehicles. The investment amounts to HUF 18 billion (€58 million), including the sum for a previous investment into 160 trucks (creating 100 new jobs), that was announced on 20 February 2014.
Waberer's predecessor Volán Tefu has been established in 1948 and became one of the largest road freight transporters in the Central-Eastern-European region. The ERM reported previously on the creation of jobs at Waberer’s International, announced in 2012.
Sources
26 March 2014: Waberer's International (press release)
26 March 2014: Világgazdaság
Citation
Eurofound (2014), Waberer’s International, Business expansion in Hungary, factsheet number 76811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76811.
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