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.
Approximately 100 workers were dismissed from the Kaposvár plant of the electric appliance manufacturer Videoton. The redundancies were blamed on the global economic downturn. The company also justified dismissals with the slow provision of governmental aid for the preservation of jobs. The company also announced the introduction of a flexible working time scheme including the operation on four days per week.
The plant is one of nine Hungarian plants of Videoton Holding. The company also owns a plant in Bulgaria and another in Ukraine. The Kaposvár plant is specialised in plastic injection moulding and assembling works.
Eurofound (2009), Videoton Holding, Internal restructuring in Hungary, factsheet number 70113, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70113.