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 Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
200 jobs Number of planned job creations
Announcement Date
13 September 2019
Employment effect (start)
Foreseen end date
Description
Electronics manufacturing company Intretech Hungary launched its new plant in Kapuvár. The site is planned to produce subassemblies and final assembly components for automotive and electronics industries among others. The highly digitalised and automatised production unit will operate through technologies deriving from Industry 4.0. The investment cost was nearly €29 million, around €4 million of which was contributed by the Hungarian government. The investment is expected to create 200 new job positions.
Sources
13 September 2019: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2019), Intretech Hungary, Business expansion in Hungary, factsheet number 98490, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98490.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
