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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.40 - Manufacture of electric lighting equipment
250 jobs Number of planned job creations
Announcement Date
21 June 2017
Employment effect (start)
21 June 2017
Foreseen end date
Description
Austrian-owned luminaire manufacturer EGLO opened a new 14,000 square meters, four-storey production plant and a 5,600 square meters automated warehouse in Pásztó, northern Hungary, following a HUF 4 billion (EUR 13 million) investment, with a HUF 650 million (EUR 2,12 million) state grant.
The new production facility creates 250 new jobs, twice the number required for the grant.
EGLO employs 800 people in other sites in Hungary, the company reported revenues of more than HUF 30 billion (EUR 98 million) last year.
Sources
21 June 2017: Realista.hu
22 June 2017: MIX Online
Citation
Eurofound (2017), EGLO Magyarország, Business expansion in Hungary, factsheet number 91455, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91455.
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