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 Hungarian Ministry of Defence has announced a restructuring plan on 1 April 2005. The Ministry plans to reduce costs through a reorganisation of its structure and the reduction of its departments (from 21 to 11). 432 employees will benefit from early retirement measures, 261 will be dismissed by 1 April 2005. In consequence of the reorganisation the number of dismissed employees will increase until December 2005 and will concern 1,297 persons.
Eurofound (2005), Hungarian Ministry of Defence, Internal restructuring in Hungary, factsheet number 61370, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61370.
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