Restructuring events
European Restructuring Monitor (ERM)
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.
Austrian-owned luminaire manufacturer EGLO opened a new 14,000 square meters, four-storey production plant and a 5,600 square meters automated warehouse in Pásztó, northern Hungary, following a HUF 4 billion (EUR 13 million) investment, with a HUF 650 million (EUR 2,12 million) state grant.
The new production facility creates 250 new jobs, twice the number required for the grant.
EGLO employs 800 people in other sites in Hungary, the company reported revenues of more than HUF 30 billion (EUR 98 million) last year.
Eurofound (2017), EGLO Magyarország, Business expansion in Hungary, factsheet number 91455, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91455.