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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60 - Programming and broadcasting activities
185 jobs Number of planned job losses
Announcement Date
10 May 2005
Employment effect (start)
10 May 2005
Foreseen end date
Description
Magyar Televízió(MTV), the Hungarian Television is a public service broadcaster, financed partly by public resources and by the revenue of its commercial activities. The company is not profitable and carries large debts. MTV announced a cut of 185 employees in May 2005 as a part of a restructuring program. As a consequence of the reorganisation, the company plans further dismissals in the immediate future.
Sources
10 May 2005: Világgazdaság
Citation
Eurofound (2005), Magyar Televízió, Internal restructuring in Hungary, factsheet number 61550, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61550.
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