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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
127 jobs Number of planned job losses
Announcement Date
23 June 2006
Employment effect (start)
1 July 2006
Foreseen end date
Description
127 employees out of 550 are being laid off at the Hungarian Ministry of Finance. The dismissals form part of streamlining the entire public administration system. The recently re-elected MSZP-SZDSZ coalition Government tries to reduce state expenditures and to restore the budgetary balance (‘austerity package’). All departments of the ministry are affected by the restructuring. Lay offs are coordinated by a 5-member body within the ministry.
Sources
24 June 2006: undefined
Citation
Eurofound (2006), Pénzügyminisztérium, Internal restructuring in Hungary, factsheet number 63852, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63852.
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