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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
275 jobs Number of planned job creations
Announcement Date
6 October 2022
Employment effect (start)
6 October 2022
Foreseen end date
Description
The Hungarian subsidiary of German semiconductor manufacturer Infineon Technologies finished the expansion at its Cegléd production unit. As a result of the investment, 275 new jobs will be created. The new plant unit will produce high-powered semiconductor modules that will be built into electric and hybrid vehicles. The investment cost was €100 million, of which the government provided €20 million as a non-refundable subsidy. The investment is a response to the growing demand posed by the expansion of electromobility. Close to 100% of products produced at this plant will be exported.
Infineon Technologies Cegléd has been operating in Hungary for 28 years and is a market leader in the development and production of semiconductors for industrial use. It employs 40,000 people worldwide.
Eurofound (2022), Infineon Technologies Cegléd, Business expansion in Hungary, factsheet number 107570, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107570.
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.
