Type
Closure
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Veszprem
Location of affected unit(s)
Halimba
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Metal Ores
07.29 - Mining of other non-ferrous metal ores

200 jobs
Number of planned job losses
Job loss
Announcement Date
4 February 2013
Employment effect (start)
11 February 2013
Foreseen end date
28 February 2013

Description

Magyar Alumínium Termelő és Kereskedelmi (Mal) Zrt. announced the closure its bauxite mine in Halimba, and the direct dismissal of its 200 employees.

Some of the employees will be offered employment in the company’s other units, and around 20-30 employees will go into retirement. The company started consultation with the respective trade unions about the dismissals which will begin on 11 February 2013.

After the mud disaster in 2011 Mal was not able to recover its profitable production, not even with the state subsidies received since then. Nonetheless, the company’s main reason for the mine’s closure is the significant decrease in profitable bauxite extraction at the site.


Sources

  • 5 February 2013: HR Portal
  • 4 February 2013: index.hu
  • 4 February 2013: Heti Világ Gazdaság

Citation

Eurofound (2013), Magyar Alumínium Termelő és Kereskedelmi (Mal), Closure in Hungary, factsheet number 74914, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74914.