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.
Nestlé Hungária, the Hungarian subsidiary of Swiss conglomerate Nestlé, has announced an expansion of its pet food production site in Bük, Western Hungary. The firm will build a new plant, with two additional production lines installed, thereby expanding the output by 50,000 tons a year, a capacity growth of 11%. The investment will create more than 130 new jobs. The new production will be put in place in the second half of 2024, and the new plant is to start producing in 2025, according to the plans.
The present investment is the final phase of a 2020-2025 development cycle in Bük. Taken together with the previous investments since 2020, the cumulative personnel growth will be above 600. The investment cost is roughly €140 million. The government contributes to the development by providing the necessary infrastructure through a modernisation of the local water network. The investment will probably have some positive domestic spillover impact since almost half of the raw materials come from Hungarian suppliers.
At present, the Bük plant has some 1300 employees.
Eurofound (2024), Nestlé Hungária, Business expansion in Hungary, factsheet number 200885, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200885.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
