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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job creations
Announcement Date
14 March 2014
Employment effect (start)
14 March 2014
Foreseen end date
31 May 2014
Description
General Electric (GE) has announced the launch of a new facility for the production of unit control panels for the oil and gas industry in its plant in Fót. As reported, more than 100 new jobs are to be created, including 40 for engineers. According to the sources, GE is one of the biggest investors in Hungary employing more than 12,000 people.
Sources
14 March 2014: Budapest Business Journal
14 March 2014: Orient Press
Citation
Eurofound (2014), General Electric, Business expansion in Hungary, factsheet number 76810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76810.
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.
