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.
Swietelsky Építő Kft., a subsidiary of Swietelsky Co., one of the leading construction companies in Central and Eastern Europe, laid off around 25% of its workforce as of 20 December. The 200-220 dismissed employees include mainly manual workers. Company spokesperson, Mariann Blandl, blamed the dismissals on the seasonal character of the industry and a decline in orders. The company spokesperson explained that 20% of the dismissals is a result of the current economic crisis. The company may hire the dismissed employees again in three months.
Eurofound (2008), Swietelsky Építő Kft., Internal restructuring in Hungary, factsheet number 68011, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68011.