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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.99 - Manufacture of other special-purpose machinery n.e.c.
250 jobs Number of planned job creations
Announcement Date
12 April 2022
Employment effect (start)
12 April 2022
Foreseen end date
31 December 2022
Description
Austrian warehouse logistics and warehouse automation systems manufacturer, Knapp, inaugurated its new plant in Nemesvámos. The plant started its operation with a staff of 102 peope and the personnel is expected to expand to 250 by the end of 2022. The Hungarian plant will produce rolling conveyors for warehouse automation. It will reach full capacity in 2027, according to expectations – by then, it will produce the full range of Knapp conveyor systems. The plant is entirely produces for export, mostly to Europe and the US.
The investment cost was €16.7 million. Further development projects are envisaged, the next large project is the construction of an automated warehouse.
Â
Sources
12 April 2022: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2022), Knapp Hungary, Business expansion in Hungary, factsheet number 106671, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106671.
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.
