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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60 - Programming and broadcasting activities
100 jobs Number of planned job losses
Announcement Date
26 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
Description
Broadcasting company Antenna Hungária is to lay off 14% of its workforce (100 jobs) as of January 2009. The restructuring will affect mainly jobs in administration and maintenance-related functions.
The core activities of the company include national land television and radio broadcasting and distribution, as well as satellite broadcasting and distribution. The company stated that the reason behind the restructuring is that the company is seeking to “maintain its financial capacity, given the increasing pressure coming from regulations on analogue national terrestrial radio and television broadcasting, as well as the decisions of some clients, affecting company revenues”.
Sources
26 November 2008: index.hu
Citation
Eurofound (2008), Antenna Hungária, Internal restructuring in Hungary, factsheet number 67485, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67485.
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