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 For Transport Equipment Manufacture Of Other Transport Equipment 30.40 - Manufacture of military fighting vehicles
150 jobs Number of planned job creations
Announcement Date
13 April 2023
Employment effect (start)
13 April 2023
Foreseen end date
Description
Rheinmetall Hungary, the joint venture of German arms manufacturer Rheinmetall and the Hungarian state, will soon complete the preparations for the production start at its new plant in Zalaegerszeg. In the first round, 350 jobs will be created, 200 of which are already filled. The company has announced plans to hire an additional 150 people. The plant will produce Lynx infantry fighting vehicles for the Hungarian armed forces. Production will start around mid-2023. The hiring of personnel is already underway.
The investment cost was €160 million. The Lynx plant will operate in close cooperation with the test track "ZalaZone" – the test track was expanded with an off-road specialized military test track. The presence of the secondary vocational schools and the higher education infrastructure in Zalaegerszeg was also a factor in attracting the production site in the town.
Eurofound (2023), Rheinmetall Hungary, Business expansion in Hungary, factsheet number 108959, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108959.
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.
