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.
On 19 January 2010 Phoenix Mecano announced 500 new jobs this year at the plant in Kecskemét, Hungary.The management of the Swiss based company announced in the beginning of the year the expansion of the production of inverter transformers used for solar collectors. Parallel to the investment for a new 81000 square meters established production plant, 513 new jobs were added to the 937 existing. Now the project has been completed says the managing director of the plant in Kecskemét, recruiting process ended until 29 September 2010, so they have 1450 employees in total.The company is an internationally well-known manufacturer for the wide range of electromechanical parts, producing various electric enclosures, terminal blocks, test probes and operating enclosures. They offer a system of aluminium profiles, complete handling technology for mechanical engineering, drive systems and drive units for hospital beds and for furniture industry.
Eurofound (2010), Phoenix Mecano Kecskemét, Business expansion in Hungary, factsheet number 71001, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71001.
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