Type
Business expansion
Country
Hungary
Region
Dunantul; Nyugat-Dunantul; Gyor-Moson-Sopron
Location of affected unit(s)
Tatabánya and Székesfehérvár
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.

150 jobs
Number of planned job creations
Job creation
Announcement Date
7 August 2010
Employment effect (start)
7 August 2010
Foreseen end date

Description

Danish pump maker Grundfos announced that it would hire 150-200 employees at its factories in Tatabánya and Székesfehérvár, Hungary. Due to the crisis in 2008 the turnover decreased 20% and the company had been forced to dismiss 200 people in 2009.

Grundfos built its first and second Hungarian plants in Tatabánya in 2000 and its third one in Székesfehérvár in 2007. The company invested 20 Billion Forints in Hungary during the last 3 years. The regional sales affiliate in Törökbálint provides the South East European markets with pumps and motors.


Sources

Citation

Eurofound (2010), Grundfos, Business expansion in Hungary, factsheet number 70793, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70793.