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.
In March 2009, Linamar Hungary, a car parts and agricultural machine manufacturer, announced the dismissal of 709 workers (out of 1,770) in Orosháza. The company also sought governmental help and shortened weekly working time. Linamar had already reduced its workforce by 10% at the end of the fourth quarter of 2008. There is no information on when the dismissals will be implemented by.
Linamar, which is part of the Canadian company Linamar Corporation, is a supplier to major car manufacturers like GM, Ford and Chrysler and was harshly hit by the recession.
Eurofound (2009), Linamar Hungary, Internal restructuring in Hungary, factsheet number 70118, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70118.