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 28 August 2012 the steel producer Dunaferr has announced plans to dismiss around 800 employees, including 84 employees from the PR section, fire and safety dispatching, and interpreting and translation services.
256 employees will be dismissed by 1 December 2012, due to the closure of one of the company's sites, Lőrinci Hengermalom. The cuts will affect 460 white-collar workers, whose dismissal has already been announced as a part of the company's internal restructuring programme.
The company intends to follow the Labour Code regulations and to provide possibilities for early retirements and voluntary severance payment.
Eurofound (2012), ISD Dunaferr, Internal restructuring in Hungary, factsheet number 74044, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74044.