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.
German multinational Henkel closes its detergent factory in Körösladány, Southern Great Plain. As a result, some 500 employees will be laid off.
The closure is a part of a reorganisation of the European supply chain of the Henkel Consumer Brands branch, due to the change in consumer preferences. The Körösladány factory has exported most of its output to other European countries. The plant will stop producing by the end of July and the closure will be completed by the end of 2024. The management emphasised that the closure has nothing to do with the employees' work performance.
The company will offer the employees a severance package above the statutory minimum and also provide training and job search support. The managemenet will cooperate with the workers' representatives. The government announced that it would help the workers land new jobs.
The other Hungarian production site of Henkel – which produces adhesives – will continue its operation.
Eurofound (2024), Henkel Magyarország Operations, Closure in Hungary, factsheet number 201330, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201330.