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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
130 jobs Number of planned job creations
Announcement Date
9 November 2016
Employment effect (start)
Foreseen end date
Description
Penny Market - a Germany-based discount supermarket chain - has laid the cornerstone of its third logistics base in Hungary. The logistics base will be built in Veszprém and it will supply approximately 60 Penny Market stores in the region. The HUF 7.7 billion investment ( cca. 25 million EURO) will create 130 new jobs. The company employs 3,730 people in Hungary and opened 270 stores in Hungary during 2016.
Sources
9 November 2016: Napi.hu
10 November 2016: BBJ
Citation
Eurofound (2016), Penny Market, Business expansion in Hungary, factsheet number 89415, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89415.
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