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.
Merkantil Bank, one of the market leaders in car financing in Hungary, is to lay off 50 workers. Merkantil Bank is in the ownership of OTP Bank group and offers HUF and foreign currency loans for individuals, enterprises and municipalities for financing the purchase of new and used vehicles, and provides car dealers with a wide range of financial services. The PR department of OTP confirmed the restructuring plan is an attempt to ensure efficiency and save costs.
Eurofound (2008), Merkantil Bank, Internal restructuring in Hungary, factsheet number 67727, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67727.