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.
Danish pump maker Grundfos announced that it would hire 150-200 employees at its factories in Tatabánya and Székesfehérvár, Hungary. Due to the crisis in 2008 the turnover decreased 20% and the company had been forced to dismiss 200 people in 2009.
Grundfos built its first and second Hungarian plants in Tatabánya in 2000 and its third one in Székesfehérvár in 2007. The company invested 20 Billion Forints in Hungary during the last 3 years. The regional sales affiliate in Törökbálint provides the South East European markets with pumps and motors.
Eurofound (2010), Grundfos, Business expansion in Hungary, factsheet number 70793, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70793.
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