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.
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Sajóbábony
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
270 jobs Number of planned job losses
Announcement Date
7 November 2006
Employment effect (start)
7 November 2006
Foreseen end date
Description
North Hungarian Chemical Works Ltd. (Észak-Magyarországi Vegyiművek - ÉMV), the agro-chemicals producer, went into liquidation on 6 November due to its debts amounting to several billions of HUF. ÉMV, currently owned by TRI Chemical Rt., was established in 1949 as a state-owned company. ÉMV's 270 employees have been on forced holiday, their salaries have not been paid since July. Liquidation manager, György Sámoly, started negotiations with the works council, and the County Employment Office has been notified of the situation. As a result of the negotiations, salaries of employees will be paid from the Wage Guarantee Fund in the coming days. A new business plan, which is a prerequisite of restarting production at the site, is under progress.
Sources
8 November 2006: Népszabadság
7 November 2006: Magyar Nemzet
Citation
Eurofound (2006), Észak-magyarországi Vegyiművek, Closure in Hungary, factsheet number 64450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64450.
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