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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
150 jobs Number of planned job creations
Announcement Date
14 May 2014
Employment effect (start)
14 May 2014
Foreseen end date
Description
Nokia announced the creation of 150 new jobs to support its R&D activities in Budapest. As announced the company is looking for software development engineers and the expansion plan is backed by the Hungarian government with a HUF 211 million grant in the framework of a job creation agreement. For previous restructuring events see Nokia2012-HU and Nokia2011- HU. The agreement envisages that the company will keep the new jobs for the next five years.
Sources
23 May 2014: Budapest Times
14 May 2014: vg.hu
Citation
Eurofound (2014), Nokia, Business expansion in Hungary, factsheet number 77060, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77060.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
