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.
Printing firm Kossuth Nyomda was shut down and its 170 employees were dismissed at the end of December 2006. The company looks back to a long history: it was established in 1884 and in recent years it served the most prominent publishing houses present in Hungary. In 2005 Kossuth Nyomda registered a loss of HUF 100 million on sales of HUF 4 billion. The company faced difficulties in liquidation and was forced to sell its building which then was leased back. In July 2006 the Budapest Court of Law ruled the liquidation of the company and appointed TM-Line as liquidator. Some of the company's assets were sold but selling the company failed even after the second attempt, so the liquidator announced the closure of the 122-year old printing house.
Eurofound (2006), Kossuth Nyomda, Closure in Hungary, factsheet number 64762, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64762.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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