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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38.32 - Recovery Of Sorted Materials
160 jobs Number of planned job creations
Announcement Date
16 January 2024
Employment effect (start)
1 February 2024
Foreseen end date
28 February 2026
Description
Andrada Group, a Slovenia-based firm, will establish an accumulator recycling factory in Sóskút, Central Hungary. Over two years, the production site will create 160 new jobs, according to the management.
The plant will start operating in February 2024 at a limited scale, recycling only non-toxic scrap metal. In the second phase of the development, the site will expand its operation to recycling whole accumulators. The investment cost is about €60 million. The government provides a grant of €17 million.
Originally, the management chose Alsózsolca (Northern Hungary) as a location for the factory. However, due to vocal protests on the part of the local population, primarily caused by concerns regarding the impact of the investment on the local drinking water supply, the company decided to relocate to Sóskút.
Eurofound (2024), Andrada Group, Business expansion in Hungary, factsheet number 200704, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200704.
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.
