Internal restructuring
Dunantul; Kozep-Dunantul; Fejer
Location of affected unit(s)
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.10 - Manufacture Of Basic Iron And Steel And Of Ferro-Alloys

100 jobs
Number of planned job losses
Job loss
Announcement Date
17 November 2023
Employment effect (start)
17 November 2023
Foreseen end date
17 November 2023


Hungarian firm Ferromark-Halna laid off its 100 employees, effective immediately. Ferromark-Halna was a subcontractor of Liberty Dunaújváros, (formerly known as ISD Dunaferr). Per the terms of the contract, Ferromark-Halna employees permanently worked at the Dunaferr steel plant, from October 2014 until now. Now, Liberty Dunaújváros terminated the contract, and Ferromark-Halna was unable to give its employees any other job.

Despite the contract stipulated that in case of termination consultations should take place with a view to ensuring the continuation of operations and the continued employment of workers, Liberty Dunaújváros said they could not conduct such consultations.

In October, the British-Indian conglomerate Liberty Steel acquired the Dunaferr plant with the generous financial and regulatory support of the government. The government tailwind was justified by arguing that the takeover would save the loss-making Dunaferr plant from liquidation and prevent the mass layoff of its employees. While no workers formally employed by Liberty Dunaújváros are impacted by this layoff, the affected Ferromark-Halna workers effectively operated as Dunaferr employees as well.

Several hundred other workers -– who work at the same plant under similar terms as employees of other subcontractor firms – may face layoffs soon, according to observers.


  • 17 November 2023: hvg.hu (hvg.hu)


Eurofound (2023), Ferromark-Halna, Internal restructuring in Hungary, factsheet number 200591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200591.