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.
Dráva Coop Mezőgazdasági, the cattle and dairy farming company, is laying off every tenth employee from its South Western Hungarian site in Barcs until the end of 2006. The dismissals represent the first phase of internal restructuring, the goal of which is the modernisation of equipment. Meanwhile, a subsidiary of the company, Dráva Tej, which produces dairy products, is facing severe financial difficulties as a result of which the new owner of Dráva Coop closed down a dairy firm in Kacsóta, in Baranya county, Southern Hungary, causing the dismissal of its 40 employees.
Eurofound (2006), Dráva Coop Mezőgazdasági Zrt., Internal restructuring in Hungary, factsheet number 64621, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64621.