Restructuring events
European Restructuring Monitor (ERM)
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.
US-owned hi-fi equipment and automotive supplier Harman is to create 420 new jobs at a production unit in Pecs (Hungary). This is a "brownfield" development on a site formerly occupied by Finnish electronics company Elcoteq. The new jobs are expected to be created by July of 2015. The company will be given a HUF 750 mln state subsidy for a total investment worth HUF 3.5 bln (EUR 11.46mn).
The company produces electroacoustic components for the car industry, including speakers, speaker systems and microphones.
Harman currently employs over two thousand people at another Hungarian plant at Székesfehérvár.
Eurofound (2015), Harman, Business expansion in Hungary, factsheet number 78775, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78775.