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.
Debrecen-based furniture manufacturer Sellaton Hajlítottbútor Gyár had planned to dismiss only 50 workers from its 149 strong headcount but later the liquidation process forced the company to lay-off the entire workforce and to close the 102 year- old plant. Since the 1990s the company had been one of the main suppliers to the public administration; this ended when in the latest public procurement the contract was won by another firm. The other reason for the closure was the gradual loss of its foreign markets (in Europe and the US). There is no information available whether the public procurement winner company will employ any of the dismissed workers.
Eurofound (2009), Sellaton Hajlítottbútor Gyár, Bankruptcy in Hungary, factsheet number 70028, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70028.