Philips Lighting Hungary

Type
Business expansion
Country
Hungary
Region
Dunántúl; Dél-Dunántúl; Tolna
Location of affected unit(s)
Tamási
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.4 - Manufacture of lighting equipment
27.4 - Manufacture of lighting equipment
86 jobs
Number of planned job creations
Job creation
Announcement Date
20 May 2016
Employment effect (start)
20 May 2016
Foreseen end date
31 December 2016

Description

Philips Lighting Hungary is planning to rise its LED output to 2.5 million from 1.8 million units this year. According to managing director, the number of workers will have reached 500 by the end of 2016, from 414 at the end of 2015.

Sources

  • 20 May 2016: ProfitLine
  • 23 May 2016: BBJ

Citation

Eurofound (2016), Philips Lighting Hungary, Business expansion in Hungary, factsheet number 87620, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87620.