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.
Spar Magyarország announced that it dismissed 700 employees in 2010. They cited the reason as decreasing turnover due to the crisis and a tax increase on their buisiness earnings. The company is planning to sell cheaper "S-Budget" products to avoid further dismissals. Spar Magyarország Ltd was established in 1990 as a part of the international Spar-chain counting 33 members. The first unit was opened in Tata and today there are 398 units across the country.
Eurofound (2011), Spar Magyarország, Internal restructuring in Hungary, factsheet number 71749, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71749.