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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60.2 - Television programming and broadcasting activities
250 jobs Number of planned job losses
Announcement Date
23 November 2012
Employment effect (start)
22 December 2012
Foreseen end date
Description
On 23 November 2012 MTVA, the public media holding group, announced the dismissal of 250 employees, effective on 22 December 2012.
The public television will cease operation in five regions and 40 radio stations country-wide, and the news network will be dismantled. Very few correspondents will be kept on in order to deliver news reports. In some counties MTVA intends to subcontract local radio and TV stations instead of producing their own programmes.
Sources
9 November 2012: HR Portal
23 November 2012: Népszabadság
23 November 2012: Heti Világ Gazdaság
Citation
Eurofound (2012), Médiaszolgáltatás-támogató és Vagyonkezelő Alap, Internal restructuring in Hungary, factsheet number 74664, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74664.
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