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.
German pet product retailer Fressnapf is going to establish a new business services centre (BSC) in Budapest which will have a staff of up to 150 employees, mostly white-collar workers. The new BSC is expected to start operating in October 2022. The newly hired personnel will be trained.
The international centre will provide a wide range of services in English, German and French, including accounting, payroll, HR, data management, etc. The establishment of a call centre is also envisaged.
According to the management, the Budapest centre will serve as a base for further expansion in Eastern Europe and potentially for online expansion in Southern Europe.
The Fressnapf has been present in Hungary for two decades and now it has more than 50 stores all over the country.
Eurofound (2022), Fressnapf-Hungária, Business expansion in Hungary, factsheet number 107411, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107411.