EMCC European Monitoring Centre on Change

GE Hungary

Company/Organisation:
GE Hungary

Geographic Location

Country: Hungary
Region: Kozep-Magyarorszag; Kozep-Magyarorszag
Location of affected unit(s): Veresegyház

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
Number Employed: 1583
Group: General Electric Co.

Employment Effects

Announcement Date: 07-10-2021
Type of Restructuring: Business expansion
Employment Effect Start: 01-10-2021
Foreseen End Date: 31-12-2021
Planned Job Creation: 100

Additional Information

GE Hungary is announcing 100 new jobs in its turbine manufacturing plant in Veresegyház, central Hungary. The hiring for full-time workers is set to start in October 2021, ending in December 2021, due to the parent company investing HUF 10 billion (€27.78m) to expand the Veresegyház plant. GE Hungary is the Hungarian subsidiary of the US industrial company General Electric, which operates four manufacturing sites, three R&D centres and an operations centre in Hungary, with close to 4,000 employees.