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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.23 - Manufacture of paper stationery
1,200 jobs Number of planned job losses
Announcement Date
27 March 2006
Employment effect (start)
1 March 2006
Foreseen end date
Description
1200 employees have been dismissed from subsidiaries of the Budapest-based Rehabit Komplex Kft and from its sub-contractors in North East Hungary. The company, which manufactures office stationary, has 60 units all over Hungary and 95% of the employees are people with disabilities. There is no exact information about the details of and about the reasons behind the dismissals but the company issued a press release about dismissals in the company's unit in Southern Hungary in which they blame the decrease in the the government's financial support for companies employing people with disabilities.
Sources
27 March 2006: Magyar Nemzet
Citation
Eurofound (2006), Rehabit Komplex, Other in Hungary, factsheet number 63345, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63345.
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