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.
Biella Kimle announced the mass dismissal of 100 employees in Hungary; 88 of them will be asked to leave the company on 5 August 2013. The swiss-owned Biella Kimle employs 130 people in the western village Kimle.
The company has been operating there for 21 years. The closure is likely to be due to the loss in market demand, further details have not been published yet.
Eurofound (2013), Biella Kimle, Internal restructuring in Hungary, factsheet number 75731, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75731.
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