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.
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70.22 - Business and other management consultancy activities
500 jobs Number of planned job creations
Announcement Date
18 April 2017
Employment effect (start)
18 April 2017
Foreseen end date
31 December 2017
Description
Indian giant Tata's subsidiary, Tata Consultancy Services (TCS) announced office expansion at its Budapest global service center, creating 500 new jobs for highly trained young professionals. Opened in 2001, the Budapest office was Tata's first outside of India, today it operates with a 1800 strong staff of economists, engineers, IT experts and developers. According to public company records, Tata's Budapest operation achieved a net revenue of HUF 10,86 bn (EUR 34,7 million) in the fiscal year ended March 31 2015. Â
Sources
18 April 2017: mfor.hu
Citation
Eurofound (2017), Tata Consultancy Services, Business expansion in Hungary, factsheet number 90801, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90801.
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