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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52 - Warehousing and support activities for transportation
160 jobs Number of planned job creations
Announcement Date
10 October 2017
Employment effect (start)
10 October 2017
Foreseen end date
Description
Swiss logistics company Kühne + Nagel opened an automotive parts warehouse and distribution base in the Páty Industrial Park, west of Budapest. The 23,000 square-metre facility created 160 jobs and depending on future growth, this may increase by a further 33 percent.
Kühne + Nagel is renting the facility from the state-owned Inpark, which built the storage hall in a HUF 5 billion (EUR 16.1 million) greenfield investment.
The state-owned Páty industrial park offers a further 188 square-metre development space, other companies are expected to rent buildings there in the near future.
Sources
10 October 2017: vg.hu
Citation
Eurofound (2017), Kühne + Nagel, Business expansion in Hungary, factsheet number 92369, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92369.
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