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 electronic equipment manufacturer Sanyo Hungary Kft started the production of cooling units for air conditioners at its plant in Dorog, Northern Hungary. Sanyo Hungary was established in September 1999 and the company has produced rechargeable batteries and HIT photovoltaic modules at the Dorog unit. The new facility currently employs 100 people but the number of workforce will be gradually increased to 350 by the end of 2008. The new 8000 square metre assembly hall was built at a cost of 4.5 billion ($25 million) HUF.
Eurofound (2007), Sanyo Hungary, Business expansion in Hungary, factsheet number 65239, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65239.