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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
700 jobs Number of planned job creations
Announcement Date
3 October 2006
Employment effect (start)
3 October 2006
Foreseen end date
31 December 2006
Description
Tesco, HungaryÂ’s largest hypermarket retail chain and the second largest British investor in the country, announced the creation of 700 new jobs in Hungary by the end of 2006 as part of its store opening programme. Tesco has been present in Hungary for 12 years and it serves 2.2 million customers weekly. This year Tesco has opened 10 new stores, making up 60 hypermarkets and 33 smaller stores countrywide, and 11 new petrol filling stations adding up to a total of 35 petrol stations.
Sources
12 October 2006: The Budapest Sun
Citation
Eurofound (2006), Tesco Global Stores, Business expansion in Hungary, factsheet number 64252, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64252.
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