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.
Some 30% of the 3,500 staff working at the military secret services and the allied joint forces will be "affected by rationalisation" this year, Defence Minister Csaba Hende said. Some of those people will retire, some will be transferred to other posts and others will leave the forces and find employment elsewhere, Hende said.
The selection of people to be laid off has just started. Military capabilities will not be reduced but rationalisation is necessary and red tape must be cut so extensive reorganisation will be carried out this year, the minister said.
Newspaper Nepszava reported that the rationalisation measures would mostly affect those who have 25 years in service and can therefore retire. The newspaper said this information had been confirmed from various sources but the ministry denied that 1,000 people would be forced to retire this year.
Eurofound (2011), Ministry of Defense, Internal restructuring in Hungary, factsheet number 72323, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72323.
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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