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.
Index.hu reported that Philips Hungary Kft. has discontinued its contract with around 400 temporary agency workers (TAWs) in its Székesfehérvár plant, in Fejér county. Philips Hungary Kft. was established in 1992 as a greenfield enterprise and since then has been manufacturing audio and multimedia devices. On top of its 1,500 employees countrywide, the company is employing temporary agency workers when seasonal changes in orders make it necessary. Communication director, Péter Blazsevácz explained, that a cut in the number of TAWs would have been necessary anyhow but as a result of the global economic crisis a larger number of TAWs had to be dismissed. He confirmed that the company is not planning to reduce its own workforce.
Eurofound (2008), Philips Hungary Kft., Internal restructuring in Hungary, factsheet number 67488, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67488.
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