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.
Givaudan, Swiss manufacturer of flavourings and fragrances, announced the opening of a perfumes and flavor processing plant in Makó, Hungary. The plant will initially employ 200 people, but 100 additional employees will be hired in 2013.
This is the company's first investment in Eastern Europe, implying a shift of its production from Great-Britain and Switzerland to Hungary. The investment was supported by the National Ministry of the Economy, the Hungarian Investment and Trade Development Agency (ITD Hungary) and the city of Makó.
Givaudan employs over 8,500 people and has subsidiaries in 45 countries.
Eurofound (2012), Givaudan, Business expansion in Hungary, factsheet number 70886, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70886.