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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
260 jobs Number of planned job creations
Announcement Date
15 January 2008
Employment effect (start)
1 September 2008
Foreseen end date
Description
Swedwood, a Swedish furniture manufacturer, has announced that it is to create 130 new jobs in 2008 and other 130 jobs by 2012 with the expansion of its Sopron factory (Western Hungar). The company, which is the main supplier of IKEA, is to make a greenfield investment of HUF 7 billion (EUR 27,131,782) at the Sopron site. The new facility is due to start production in September 2008. The reason behind the business expansion is the relocation of manufacturing elements of kitchen furniture to Hungary.
Sources
25 January 2008: Budapest Business Journal
15 January 2008: hrportal.hu
Citation
Eurofound (2008), Swedwood Sopron Bútor Kft., Business expansion in Hungary, factsheet number 66229, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66229.
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