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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
150 jobs Number of planned job creations
Announcement Date
20 June 2017
Employment effect (start)
20 June 2017
Foreseen end date
Description
German industrial manufacturing conglomerate Siemens laid the foundation stone of its Budapest turbine blade manufacturing plant. Located at the Siemens Power and Gas facility, the 10,000 square meters new plant will start production in 2019, after an invertment of HUF 10 billion (EUR 32,6 million). The investment also includes the expansion of an already existing building by 2,500 square meters.
The new facility will create 150 new qualified jobs. 50 people are already being trained in Berlin and soon 9 more will join them.
Siemens employs around 3,000 people in Hungary.
Sources
20 June 2017: hvg.hu
Citation
Eurofound (2017), Siemens Power and Gas, Business expansion in Hungary, factsheet number 91454, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91454.
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