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.
Jabil Circuit Magyarország Szerződéses Gyártó, a Hungarian designer and manufacturer of electrical products, has announced 900 job losses.
The company announced a significant workforce downscale of 900 employees, implemented by the non-renewal of the contracts of both temporary agency workers and employees on payroll. The company declared that decreasing the workforce is necessary due to the global economic crisis that is causing a fall in demand for its products. According to local political authorities, Jabil Circuit has always been characterized by the continuous change of its size to comply with changing market circumstances. This strategy has resulted in a fluctuation in the number of its employees.
Jabil Circuit Magyarország, based in Tiszaújváros (Borsod-Abaúj-Zemplén county), is a subsidiary of Jabil Circuit, whose headquarters are in St Petersburg (USA). The company is an electronic solutions provider, designing, manufacturing, and managing electrical products.
Eurofound (2009), Jabil Circuit, Internal restructuring in Hungary, factsheet number 69246, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69246.