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.
Flextronics has announced two mass redundancy measures in two consecutive weeks affecting 770 workers in two of its Hungarian production facilities. First the company announced the lay-off of 400 workers from its biggest production facility in Zalaegerszeg, which employs approximately 3700 people. Then the firm announced that it would dismiss another 370 workers from its second biggest production plant in Tab. Both redundancies are going to be carried out during the first quarter of 2009. These measures came after unconfirmed news appeared that the company has already dismissed 1000-1500 temporary agency workers. The Singapore based company, founded in 1990, has four production facilities in Hungary employing 7000-8000 workers and some 3000 temporary agency workers. The corporation is a leading Electronics Manufacturing Services (EMS) provider focused on engineering and manufacturing services to automotive, computing consumer digital, industrial, infrastructure, medical and mobile OEMs.
Eurofound (2009), Flextronics, Internal restructuring in Hungary, factsheet number 68420, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68420.
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