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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
Grundfos initiated a shorter 32 hour working week from 1 March 2009, and obtained governmental subsidy of HUF 183 million (EUR 665,000) to pay off 80% of the wage loss of 1500 workers, resulting from the shorter work time. From 1 June the company changed to a 36 hour working week, which will be maintained until the end of August. The company also stopped hiring new employees, and stopped the renewal of expired contracts, reducing the employment level from 2000 to 1860.
The Grundfos Group is present in 45 countries with 82 companies employing in total more than 18,000 workers.
Eurofound (2009), Grundfos, Internal restructuring in Hungary, factsheet number 69229, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69229.
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