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.
The Budapest airport service firm Malév GH confirmed that the company is dismissing 65 employees or 15% of its total workforce in March 2020. According to the company's representative, this measure is a response to the drastic reduction in the number of flights due to the outbreak of COVID-19 epidemic and global travel restrictions. The restructuring will impact probationary employees, agency and student workers.
The state-owned company expects to lay off further employees involved in passenger and ramp services from 1 April 2020. Currently, there is no official information about this resolution.
Earlier this month, the press suggested a much more drastic workforce cut, which has been denied by the company.
Eurofound (2020), Malèv GH, Internal restructuring in Hungary, factsheet number 100075, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100075.