Type
Internal restructuring
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Veszprem
Location of affected unit(s)
Gógánfa
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

116 jobs
Number of planned job losses
Job loss
Announcement Date
12 December 2008
Employment effect (start)
19 December 2008
Foreseen end date
19 December 2008

Description

As a consequence of a planned internal restructuring, Rockwool has closed its smallest production plant in Gógánfa (Veszprém county) in Western Hungary, dismissing 116 workers and relocating another 40 to its other bigger production site in the country. The closure coincides with the opening of a new factory in Croatia and the modernisation of Rockwool's other Hungarian plant, located in Tapolca in the same region, costing more than EUR 10 millions. An undefined number of employees will remain to produce outrunning items, while the company decides whether to sell or to let its Gógánfa facility, which the company bought in 1997.

The Rockwool Group, funded in 1909, is a leading producer of stone wool used in the building industry. The group headquarters are in Hedehusene, Denmark. Its 22 factories are located in three continents and employing 8,500 workers.


Sources

  • 13 December 2008: Index
  • 13 December 2008: Világgazdaság
  • 13 December 2008: Napló

Citation

Eurofound (2008), Rockwool Hungary, Internal restructuring in Hungary, factsheet number 67755, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67755.