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.
Saia Burgess Ózd Kft, an automotive industry supplier, has made between 100 and 150 workers redundant at its plant in Ózd, Hungary.
Saia Burgess Ózd Kft confirmed news agency reports on the mass redundancy measure initiated at the plant. News agencies estimated that the lay-off affects approximately 100 workers, though one online agency quoted plant workers indicating numbers as high as 150. The majority of those dismissed are temporary agency workers, whilst the rest had fixed-term work contracts. Local management blamed the measures on the global crisis hitting the car industry.
The Hungarian facility, producing electrical spare parts, is a subsidiary of Saia Burgess Electronics Company, whose headquarters are in Murten (Switzerland). The uncertainty over the exact number of dismissed Hungarian workers is due to the fact that only the headquarters have the mandate to disclose such information.
Eurofound (2008), Saia Burgess Ózd, Internal restructuring in Hungary, factsheet number 69235, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69235.