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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
200 jobs Number of planned job creations
Announcement Date
22 June 2007
Employment effect (start)
1 July 2007
Foreseen end date
31 December 2009
Description
Genesis Energy, a world-leading solar panel production company, is to establish a plant in Hungary for the European market that will create jobs for 200. The Greenfield Investment is to start during the second half of 2007 and is foreseen to be completed by the end of 2009. It will employ 200 highly-qualified employees. The company was granted a 2 billion HUF non-refundable government subsidy, as well as further significant tax cuts by the Hungarian government to support the planned €100 million solar panel factory.
Sources
22 June 2007: FigyelőNet
Citation
Eurofound (2007), Genesis Energy, Business expansion in Hungary, factsheet number 65531, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65531.
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