Type
Business expansion
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Pest
Location of affected unit(s)
Budapest
Sector
Professional Services
Scientific, Architectural And Engineering Technical Activities
Scientific Research And Development
72 - Scientific research and development

224 jobs
Number of planned job creations
Job creation
Announcement Date
10 November 2011
Employment effect (start)
11 November 2011
Foreseen end date

Description

On 10 November 2011 Nokia Siemens Networks signed a job creation agreement with Hungary's government committing to the creation of 224 jobs. The new jobs created at Nokia's research centre will be filled with participants of Nokia Siemens Networks' scholarship program. About 50 students participate in different research projects each semester under the programme which involves 13 universities.

The research base has been an investment of HUF 2,7 billion (EUR 8,8 million) and the job creation was supported by the HUF 270 million (EUR 87000) state grant.

Nokia Siemens Networks established its R&D centre in Budapest in 1998.


Sources

  • 10 November 2011: HR Portal
  • 10 November 2011: Menedzser F√≥rum
  • 10 November 2011: Budapest Business Journal

Citation

Eurofound (2011), Nokia Siemens, Business expansion in Hungary, factsheet number 72726, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72726.