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.
American automotive seating and electrical manufacturer Lear Corporation is ceasing production of car seat covers in Hungary in its Mór factory, laying off 800 employees. Operating since 1993, the Mór facility will gradually wind down production by the end of the year, its activities will be moved moved to Lear's other foreign factories with lower labor costs. Lear Corporation Hungary has three other factories, the ones in Gödöllő and Gyöngyös produce car wiring parts, while the Győr facility produces whole car seats – these factories will keep operating. As of February 2017, Lear Corporation employed 3240 people in Hungary.
Eurofound (2017), Lear Corporation HUngary, Relocation in Hungary, factsheet number 90732, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90732.