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.
Rail Cargo Hungaria, an Austrian-owned rail freight service provider, has announced a comprehensive reorganisation, which includes the gradual reduction of its workforce by up to 500 jobs across its nationwide operations in Hungary, of which around 100 are expected to be achieved through retirements and non-replacement of staff, while approximately 400 employees may be made redundant. The management is also considering alternatives to layoffs, including outsourcing, part-time employment and the imposition of downtime.
The downsizing is expected to start in January 2026 and to be implemented gradually over several years, depending on market reactions to capacity reductions and price increases.
The immediate reason for the decision is the removal of state support for single wagonload services from the beginning of 2026. Single wagonload services – collecting the cargo of various customers whose shipments individually do not fill a whole wagon – are unprofitable without state support. In addition to the workforce reduction, Rail Cargo will also raise its prices, scale back its single wagonload services and reduce its logistical network and locomotive fleet.
Eurofound (2025), Rail Cargo Hungaria , Internal restructuring in Hungary, factsheet number 203874, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203874.