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 18 February 2013 the Mayor of Budapest, István Tarlós, confirmed the Council’s decision to dismiss 100-200 employees.
The decision is based on the fact that the governemnt had made changes to the way public institutions are run. Therefore many primary schools, hospitals, care homes are now administrated by the state and many of the Council’s functions have become obsolete.
Approximately 20% of the Council’s job roles are now redundant. Further debates on the issue will be carried out at the end of February.
Eurofound (2013), City Council Budapest, Internal restructuring in Hungary, factsheet number 74949, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74949.
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