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.
Dunarolling, an iron and steel manufacturer owned by British-Indian company Liberty Steel, is undergoing liquidation and has announced the layoff of most, if not all, of its 1,860 employees. Negotiations between the employer and employee representatives regarding the terms of the layoffs are set to begin. The timeframe for the layoffs is not yet known.
Dunarolling is one of the two parts of the former metallurgy firm Dunaferr that had been salvaged, restructured and sold to Liberty Steel around mid-2023, while Dunaferr itself entered liquidation. Dunarolling essentially comprises what used to be Dunaferr’s rolling mill unit. Despite earlier promises by Liberty Steel, the purchased units never resumed full operation, and in November 2024, the liquidation process for both units began.
The government has issued a call for tenders for the sale of both former Dunaferr firms, but only Dunarolling seems to have a chance of attracting an investor. If the sale of Dunarolling is successful, about 1,000 workers could be re-employed at the reorganised firm.
Updated, 22/07/2025
The layoff of all 1700 Dunarolling employees occurred on the 23th of June, 2025.
Eurofound (2025), Dunarolling Dunai Vasmű, Closure in Hungary, factsheet number 202695, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202695.
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