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.
The Bernard Mathews group announced the restructuring of its two Hungarian units (Sága Foods and Pannon Pulyka), and the dismissal of 400 employees in total. The company will terminate its livestock breeding activities and will focus on poultry processing and products.
According to statements from the company, the slaughterhouse in Sárvár became obsolete and its renovation is not seen as profitable in the current financial, technological and economic situation. The company would like to focus on maintaining a competitive brand, as well as the quality in poultry processing and trade, where the technology is more advanced.
Eurofound (2012), Bernard Matthews, Internal restructuring in Hungary, factsheet number 74414, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74414.
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