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.
As a consequence of a planned internal restructuring, Rockwool has closed its smallest production plant in Gógánfa (Veszprém county) in Western Hungary, dismissing 116 workers and relocating another 40 to its other bigger production site in the country. The closure coincides with the opening of a new factory in Croatia and the modernisation of Rockwool's other Hungarian plant, located in Tapolca in the same region, costing more than EUR 10 millions. An undefined number of employees will remain to produce outrunning items, while the company decides whether to sell or to let its Gógánfa facility, which the company bought in 1997.
The Rockwool Group, funded in 1909, is a leading producer of stone wool used in the building industry. The group headquarters are in Hedehusene, Denmark. Its 22 factories are located in three continents and employing 8,500 workers.
Eurofound (2008), Rockwool Hungary, Internal restructuring in Hungary, factsheet number 67755, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67755.