Type
Internal restructuring
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Komarom-Esztergom
Location of affected unit(s)
Oroszlány, Márkushegy
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite

240 jobs
Number of planned job losses
Job loss
Announcement Date
11 February 2009
Employment effect (start)
1 March 2009
Foreseen end date
30 April 2009

Description

Márkushegyi Bánya, a coal mine employing 1400 miners, has terminated the contract of 240 miners from Transylvania. The mine is part of the Vértesi Erőmű, a power and heat producing plant, which belongs to the portfolio of the state owned Hungarian Electricity Works. The mine, located in the coal basin of Oroszlány (Komárom-Esztergom county), entered in operation in 1981, and is the last remaining deep working coal mine in Hungary.

Local trade unions cancelled celebrations of 1 May and donated the money collected for the event to those affected by the measure.

Though the company receives direct subsidy from the Hungarian state in the form of the ‘coal mine royalty', which every electricity consumer has to pay after its consumption, the mine plant complex still faces the fact that its power production is twice as expensive as its market value.


Sources

Citation

Eurofound (2009), Márkushegyi Bánya (Vértesi Erőmű), Internal restructuring in Hungary, factsheet number 69243, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69243.