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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.42 - Manufacture of perfumes and toilet preparations
300 jobs Number of planned job creations
Announcement Date
4 October 2012
Employment effect (start)
4 October 2012
Foreseen end date
31 December 2013
Description
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.
Sources
4 October 2012: HR Portal
31 August 2010: Napi Gazdaság
31 August 2010: Heti Világ Gazdaság
1 September 2010: Metro
Citation
Eurofound (2012), Givaudan, Business expansion in Hungary, factsheet number 70886, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70886.
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