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.
Sanyo Hungary Kft., an electronic equipment manufacturer, has announced that it is to cut 641 jobs in Dorog, Central Hungary. The reason behind the restructuring is that the company is to stop the production of rechargeable batteries at the Dorog site due to delocalisation of these activities to China by September 2008. Out of 841 employees in the unit, 200 will be offered jobs at the solar cell production unit, while the rest of the workforce has been dismissed. Half of the employees made redundant commuted to Dorog from neighbouring Slovakia. The company decided to delocalise its production of rechargeable batteries due to increasing wage costs in Hungary. The company and the local employment office have established a “re-employment commission”, with the aim of ensuring employment for dismissed employees, in cooperation with the region's other employers, as work opportunities in the region are scarce and further dismissals are to be expected at other companies. Dismissed employees receive increased severance pay with 1-2 months' salary and those staying until production of batteries is stopped will be also paid maximum 2 months' wages. Sanyo plans to focus on manufacturing solar cells in the future, to this end the company will start its largest unit in 2009.
Eurofound (2008), Sanyo Hungary, Offshoring/Delocalisation in Hungary, factsheet number 66228, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66228.
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