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.
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.
Eurofound (2017), Kühne + Nagel, Business expansion in Hungary, factsheet number 92369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92369.