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.
Swiss Interspan is to close its particle board manufacturing plant in Vásárosnamény, leading to the loss of 170 jobs. The remaining employees will work only in the trade and logistics units. The company management promised to fulfill the legal requirements associated with dismissals and has even consulted with employee representatives about auxiliary compensation.
The plant has engaged in wood-related manufacturing since the 1960s and in recent years has produced a wide range of wood products including flooring, wall wrappers, and laminated pieces. The company predominately operated in the domestic market and supplied its goods to surrounding countries such as Serbia, Croatia, Ukraine, Slovakia, the Czech Republic and Romania.
Eurofound (2010), Interspan, Closure in Hungary, factsheet number 71203, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71203.