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 packaging firm Deufol is opening a new plant in Debrecen. The new production site is expected to begin operation in September 2020. A total of 120 new jobs will be created. The recruiting has already begun: as of now, 20 employees have been hired. According to the plan, the number of employees will reach 100 by the end of 2021, with further personnel expansion in the following year.
The investment cost is €20 million. The Hungarian government supports the project to the amount of roughly €4 million. The new site will be the most state-of-the-art logistical and packaging centre of the firm in Europe, and it will also serve as its South-Eastern European regional centre, according to a senior member of Deufol management.
Besides good logistical features and the availability of young professionals coming from the local university, the presence of a production unit of one of the firm’s important partners, Krones AG, in Debrecen, has also contributed to the choice of location.
Eurofound (2020), Deufol Hungary, Business expansion in Hungary, factsheet number 100770, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100770.
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