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 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.
in 2018, the company recruited 533 people in the same location (Infineon Technologies Cegléd-2018-HU).
Eurofound (2022), Infineon Technologies Cegléd, Business expansion in Hungary, factsheet number 107570, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107570.