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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
300 jobs Number of planned job losses
Announcement Date
19 April 2006
Employment effect (start)
Foreseen end date
Description
Magyar Közút Közhasznú Társaság (MK kht.) is a state-owned company responsible for the maintenance, development and conservation of roads and bridges, and for securing their quality and controlling freight traffic. The company was established in 2005 as a result of an attempt to centralise the work of the previous 19 regional units and moving some of their functions to the centre in the capital, and is now undergowing further restructuring. After previous dismissals owing to the restructuring, MK kht. plans to lay off another 300 employees from the administrative divisions at the regional offices. No dismissals are planned among blue-collar workers but here recruiting will only be possible if the number of dismissals among administrative workers exceeds the planned figures. The timeline of the dismissals is not known yet.
Sources
Citation
Eurofound (2006), Magyar Közút, Internal restructuring in Hungary, factsheet number 63550, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63550.
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