Type
Internal restructuring
Country
Hungary
Region
Alfod es Eszak; Del-Alfold; Bekes
Location of affected unit(s)
Mezőberény
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

70 jobs
Number of planned job losses
Job loss
Announcement Date
27 November 2008
Employment effect (start)
27 November 2008
Foreseen end date

Description

Axe-Tronic, a manufacturer of cables for Ford’s cars, is to lay off 70 of its 560 employees working in Mezőberény as a result of the crisis affecting the automotive industry. In an attempt to tackle the effects of the crisis, the company has decreased the number of shifts from 9 to 7, which brought forth the dismissal of 35 employees in probation period and another 35 permanent employees.


Sources

  • 27 November 2008: Világgazdaság

Citation

Eurofound (2008), Axe-Tronic, Internal restructuring in Hungary, factsheet number 67486, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67486.