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.
Hungarian-owned OTB Bank, the largest commercial bank in Hungary, has announced the layoff of nearly 200 employees from its digital division. The notification of the affected employees is to begin in a couple of days following the announcement.
The management justified the decision by citing the need to improve cost efficiency, after a period of successful digitalisation during which the bank managed to enhance the client experience and improve service security. To that end, the bank will reprioritise digitalisation programmes and rationalise the technologies it uses.
Eurofound (2026), OTP Bank , Internal restructuring in Hungary, factsheet number 204361, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204361.