Type
Internal restructuring
Country
Hungary
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

350 jobs
Number of planned job losses
Job loss
Announcement Date
13 October 2015
Employment effect (start)
13 October 2015
Foreseen end date

Description

Közgép, a construction and metal structure manufacturing company, has announced that the company will lay-off 350 employees, half of its staff. The job losses will affect 283 administrative positions and 67 blue-collar jobs. According to the official announcement of the company the reason for the restructuring is the decline in the civil engineering sector. It may be a relevant fact to consider that the Hungarian Public Procurement Board prohibited Közgép from participating in public tenders for the next three years in July of 2015.


Sources

  • 13 October 2015: Hirado.hu
  • 13 October 2015: HR Portal

Citation

Eurofound (2015), Közgép, Internal restructuring in Hungary, factsheet number 85208, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85208.