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.
Nokia, a Finnish mobile phone producer, has announced the dismissal of 2,300 employees at its Hungarian unit in Komárom following a review of its operations in the region. The dismissals are part of its global strategy: the Finnish company will dismiss 4000 employees in total from its units in Finland, Hungary and Mexico and outsource its production in Asia (see here).
The 2,300 reported dismissals are redundancies of employees directly employed by Nokia. However, the company employs a further 2,100 temporary agency workers in Komárom. Since the authorities are not required to be notified about the dismissal of temporary agency workers, there is no official information on how they will be affected.
Negotiations with the social partners have just started and the company assures that they will provide the affected employees with a support program including financial and reemployment support measures.
UPDATE 26.06.2012: The second wave of the dismissals have started. In March 2012, 1,200 employees have been made redundant, in June a further 900 jobs will be cut. There remaining 2,300 will be notified until the end of 2012.
Eurofound (2012), Nokia, Offshoring/Delocalisation in Hungary, factsheet number 73080, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73080.