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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
224 jobs Number of planned job creations
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 Fórum
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.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
