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.
The Polish-based retail chain PEPCO establishes its regional distribution centre in Gyál, in the vicinity of the capital. The construction of the warehouse will be completed by spring 2020. By 2022, the centre will create more than 1,000 new jobs. The recruitment of staff begins immediately, and 400 workers are to be hired in the first phase which ends in April 2020.
The new distribution base, with an area of 100,000 square meters, will service the 140 Pepco stores in Hungary and more than 500 stores in Bulgaria, the Czech Republic, Romania and Slovakia. The greenfield investment, one of the largest logistics investments of recent years in Hungary, will cost €85 million. The Hungarian state supports the project with a subsidy of €6 million.
PEPCO, a fast-growing retailer of household and clothing items, is by now present in all Eastern European new member states. In Hungary, PEPCO has nearly 1,500 employees.
Eurofound (2019), Pepkor Hungary, Business expansion in Hungary, factsheet number 97644, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97644.