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.
Axe-Tronic, a manufacturer of cables for Ford’s cars, is to lay off 70 of its 560 employees working in Mezőberény as a result of the crisis affecting the automotive industry. In an attempt to tackle the effects of the crisis, the company has decreased the number of shifts from 9 to 7, which brought forth the dismissal of 35 employees in probation period and another 35 permanent employees.
Eurofound (2008), Axe-Tronic, Internal restructuring in Hungary, factsheet number 67486, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67486.