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.
German automotive industry supplier Continental is to open a HUF 5.5 billion (EUR 17.65 million) artificial intelligence software development centre in Budapest in May 2018. The project is supported by a HUF 1.37 billion (EUR 4.4million) state grant.
The research centre will employ around 100 software and hardware experts (machine learning experts, big data engineers, hardware and software designers, embedded system engineers), the main focus of the work will be on deep machine learning in view of autonomous driving and safety.
Eurofound (2018), Continental, Business expansion in Hungary, factsheet number 93268, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93268.