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.
Syncreon Kft is to dismiss 400 of its workers due to the crisis affecting the automotive industry. As the company's sole consigner is Audi Hungária Motor Kft. and the manufacturing facility is actually based in Audi's site in Győr, internal changes in Audi's production management, including retaking responsibility for the execution of many logistical procedures, have facilitated the layoffs. Syncreon Kft. is part of the Syncreon Group, a provider of integrated logistics for relevant partners in the automotive and technology field. The Hungarian plant was employing 1400 people when the collective redundancy measure was initiated on 28 January 2009. As often several members of the same family are employed by the company, trade unions present in the plant started lobbying at the management of the company not to dismiss more than one person from a family.
Eurofound (2009), Syncreon, Internal restructuring in Hungary, factsheet number 68427, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68427.
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...
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