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.
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.
Eurofound (2005), Magyar Televízió, Internal restructuring in Hungary, factsheet number 61550, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61550.