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 15 November 2012 the French-owned home improvement chain Bricostore announced the closure of its nine stores in Hungary, dismissing all 670 employees.
Parallel to this the company reportedly expands its activity in Romania; nonetheless there does not seem to be a direct relocation process.
Bricostore Hungaria has been present in the country since 1997 and the last store was opened in 2007, in Miskolc. The company aimed to increase the number of stores to 12, but since 2009 the company’s losses appear to have gradually increased.
Eurofound (2012), Bricostore Hungária Barkácsáruház, Closure in Hungary, factsheet number 74534, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74534.