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
400 jobs Number of planned job creations
Announcement Date
16 April 2019
Employment effect (start)
16 April 2019
Foreseen end date
Description
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.
Sources
16 April 2019: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2019), Pepkor Hungary, Business expansion in Hungary, factsheet number 97644, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97644.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
