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.
Due to decreased production demands for 2018, Opel's Szentgotthárd engine production plant is going to cut 100 jobs by the end of 2017. The job cuts will be implemented on a voluntary basis and only affect office and maintenance personnel, not production workers.
The redundancies follow earlier voluntary departures of around 190 employees and the dismissal of temporary agency's staff.
After the acquisition by the French PSA Group from GM, Opel is forced to take streamlining measures across the board, in Szentgotthárd, the German carmaker foresees a production of around 450,000 engines in 2018, opposed to the 600,000-700,000 units of recent years.
Present in Hungary since 1992, Opel employed 1,252 people at Szentgotthárd in November 2017 (not including agency staff).
Eurofound (2017), Opel Szentgotthárd Autóipari, Internal restructuring in Hungary, factsheet number 92748, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92748.