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.
Teva Magyarország, the Hungarian subsidiary of Israeli-based Teva Pharmaceutical Industries Ltd., has announced that it is to create 415 new jobs by building a new manufacturing and packaging facility within the existing site at Debrecen currently employing 2000. The new factory is expected to be operational in 2011. The Minister of Economy, Csaba Kákosy, announced that the Hungarian government will provide a HUF 2 billion subsidy for the investment. The mayor of Debrecen, Lajos Kósa, stated that the local council decided to allow Teva to deduct some of the costs of the investment from its tax base for the Local Business Tax. As of March 2008, there is no information on when employment at the new plant will commence.
Eurofound (2008), Teva Pharmaceutical Works, Business expansion in Hungary, factsheet number 66405, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66405.