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.
Hunnia Húsipari Kft. is to initiate a mass redundancy programme affecting all of its 149 workers after its production was stopped on 23 February. The now privately owned plant grew out of the slaughterhouse and meat processing plant of the city of Keszthely founded in 1956. Though later it became part of the county's meat processing factory, in 1992 it regained its independence. Subsequently it was privatized, and finally, in 1997, the company adopted its present name. Though the company implemented various quality standards like the ISO 9001 in 2004, it could not evade the growing impact of the global credit crisis. The company's bank refused to carry on the firm's pending HUF 120 million (EUR 408,000) debt, leaving thus workers without their last salary.
Eurofound (2009), Hunnia Húsipari, Closure in Hungary, factsheet number 68794, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68794.