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.
Magyar Telekom is to make redundant 500 employees. Most of them will leave the company by the end of 2012, and the rest in 2013. This measure is part of a greater cost efficiency programme announced by the management.
As a result of the negotiations with the social partners, the company intends to increase the salaries of the remaining employees by 4 % as of 1 April 2013.
Eurofound (2012), Magyar Telekom, Internal restructuring in Hungary, factsheet number 74213, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74213.