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.
Szarvasi Vas- Fémipari, a Hungarian industrial and commercial enterprise with 420 employees has announced a plan to hire 80 new employees by 2019. There will be graduates among the new staff members. They have already hired 120 new employees. The company invested about EUR 6.5 million in renovating the plant, purchasing new machines, and introducing new technologies (automation and robotisation).
The company is Hungary's largest lamp and lighting manufacturer, it also manufactures coffee makers. They will be the exclusive manufacturer of one of the IKEA's lamp family.
Eurofound (2018), Szarvasi Vas-Fémipari, Business expansion in Hungary, factsheet number 93766, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93766.