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.
Half of the employees are planned to be laid off from the Hungarian Ministry of Economy and Transport (Gazdasági és Közlekedési Minisztérium, GKM), the Minister announced. The dismissals will take place in the context of a project of streamlining the Ministry, as well as the entire public administration system, being a part of the efforts of the recently re-elected MSZP-SZDSZ coalition Government to reduce state expenditures and to restore the budgetary balance (‘austerity package'). GKM has taken over most of the responsibilities from the Ministry of Informatics and Communication, which was closed down as part of the restructuring. GKM currently employs 800 people, 25% of whom are planned to be laid off until January 2007, and another 25% is expected to be dismissed in the course of next year. The number of departments within the Ministry will be reduced from 70 to 25.
A press release of the Ministry in December 2006 stated that the number of state secretaries has been reduced to four from the previous eight in the course of 2006, while currently less than 600 employees are employed from the previous 800. The Ministry is saving as much as HUF 15 billion as a result of the downsizing, János Kóka, Minister of Economy and Transport explained. The number of GKM's support institutions, supervised by the Ministry, is expected to drop from 47 to 17, resulting in the dismissal of 1,100 employees.
Eurofound (2006), Gazdasági és Közlekedési Minisztérium, Internal restructuring in Hungary, factsheet number 63854, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63854.
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