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.
The ICT firm Magyar Telekom, a Hungarian subsidiary of Deutsche Telekom, has decided to lay off some 120 employees in 2025. The bulk of the layoffs will occur in the first quarter of next year. In addition to the severance package stipulated in the collective agreement, the affected workers will receive an extra month's severance pay.
The company's statement cited the need to continuously make efficiency gains and changes in labor market conditions as explanations for the decision. According to the statement, management reached an agreement with labor representatives regarding the layoffs. Another part of the agreement is that the remaining employees will receive a pay raise above the expected inflation rate in 2025
Eurofound (2024), Magyar Telekom Távközlési, Internal restructuring in Hungary, factsheet number 201924, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201924.
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...
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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...
