Business expansion
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

250 jobs
Number of planned job creations
Job creation
Announcement Date
28 April 2011
Employment effect (start)
Foreseen end date


GE Energy has recently inaugurated a HUF 900 million production line at its site in the Hungarian city of Ózd. The investment will create 250 jobs.

State secretary in charge of employment at the Ministry of National Economy Sándor Czomba said the investment is particularly important because it will have a positive impact on the economy of a disadvantaged region.

In 2010, the company had announced the dismissal of over 2,570 employees by the end of 2011 (see previous fact sheet n. 16398), but new investments and the relocation of production facilities have allowed the company to save almost 500 jobs. For example, the company has changed from traditional light bulbs to halogen light bulbs on their production lines.


  • 28 April 2011: Index
  • 28 April 2011: Portfolio.hu
  • 28 April 2011: Menedzsemnt Forum


Eurofound (2011), GE Hungary, Business expansion in Hungary, factsheet number 71962, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71962.