Elcoteq

Type
Business expansion
Country
Hungary
Region
Dunántúl; Dél-Dunántúl; Baranya
Location of affected unit(s)
Pécs
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
700 jobs
Number of planned job creations
Job creation
Announcement Date
29 May 2005
Employment effect (start)
Foreseen end date
31 December 2008

Description

Elcoteq Network Corporation is a leading electronics manufacturing services (EMS) company which perates on four continents in 15 countries and employs approximately 18,500 people. Elcoteq has two plants in Pécs, Hungary with 4,700 employees. The company is the largest employer of the region. The €54 million investment will create 700 jobs y 2008.

Sources

  • 30 May 2005: Népszabadság
  • 29 May 2005: Napi Gazdaság
  • 30 May 2005: Világgazdaság

Citation

Eurofound (2005), Elcoteq, Business expansion in Hungary, factsheet number 61683, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61683.