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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
500 jobs Number of planned job creations
Announcement Date
3 September 2010
Employment effect (start)
Foreseen end date
31 December 2010
Description
The Chinese company, Huawei Technologies, announced its plan to hire 500 new employees in Hungary for 2011.Â
Huawei Technologies produces various forms of communications products. The company is planning to implement more complex manufacturing processes in it's Hungarian plants to produce more valuable products.Beside South-America, Hungary could be the second regional base for the Chinese company due to Hungary's favourable location and the skilled workers, according to the managment. The company exports its Hungarian products to 20 countries, but after the expansion plan the company hopes to export to over 35 countries world wide.Â
Sources
1 June 2010: Heti Világ Gazdaság
3 September 2010: Napi Gazdaság
Citation
Eurofound (2010), Huawei Technologies Hungary, Business expansion in Hungary, factsheet number 70926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70926.
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