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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
70 jobs Number of planned job losses
Announcement Date
27 November 2008
Employment effect (start)
27 November 2008
Foreseen end date
Description
Axe-Tronic, a manufacturer of cables for Ford’s cars, is to lay off 70 of its 560 employees working in Mezőberény as a result of the crisis affecting the automotive industry. In an attempt to tackle the effects of the crisis, the company has decreased the number of shifts from 9 to 7, which brought forth the dismissal of 35 employees in probation period and another 35 permanent employees.
Sources
27 November 2008: Világgazdaság
Citation
Eurofound (2008), Axe-Tronic, Internal restructuring in Hungary, factsheet number 67486, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67486.
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