Type
Business expansion
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Veszprem
Location of affected unit(s)
Veszprém
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

200 jobs
Number of planned job creations
Job creation
Announcement Date
15 November 2011
Employment effect (start)
Foreseen end date
30 June 2012

Description

On 15 November 2011, German-owned sensor manufacturer Pepperl+Fuchs stated that it will hire 200 employees for a new production hall in Veszprém, Hungary. The site is expected to be operational by the end of June 2012.

Pepperl+Fuchs produces electronic sensors, plastics and metal parts. The annual revenue of the company has risen by HUF 1 billion (EUR 3,2 million) in 2011 compared to 2010. The investment into this Hungarian base is a part of the rationalization efforts of the company's activity.


Sources

  • 15 November 2011: Budapest Business Journal
  • 15 November 2011: Elemzésközpont
  • 15 November 2011: TőzsdeFórum

Citation

Eurofound (2011), Pepperl+Fuchs, Business expansion in Hungary, factsheet number 72731, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72731.