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.
On 18 October 2011 MTVA, the holding group for Public Media, has announced the dismissal of a further 414 employees until the end of 2011 at Hungarian public television and radio stations, as well as the state news agency MTI.
The holding had already dismissed 600 employees in a restructuring measure started in May 2011 (see previous announcement).
UPDATE 14.11.11
On 14 November 2011 MTVA, the holding group for public media, has announced the dismissal of further 367 employees until the end of 2011 at Hungarian public television and radio stations, as well as the state news agency MTI. 49 of these 367 are leaving voluntary on a joint agreement and many of them will retire.
MTVA declared that they will follow the Labour Code in the process of dismissals in this case too. The negotiation with the Works Council is being continued for clarifying the details and timeframe of the dismissals, however employees representatives say, that there was no consultation prior the general decission about restructuring . The company has created a HUF 33 million assistance found and provides labour, legal and psychological support to the dismissed people.
Eurofound (2011), Médiaszolgáltatás-támogató és Vagyonkezelő Alap, Internal restructuring in Hungary, factsheet number 72661, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72661.