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.
Nypro Hungary Műanyagtechnikai Kft. dismissed 800 of 900 workers at its Nagyigmánd location, which produces plastic parts for Nokia. The redundancies occurred because the company's contracts were not renewed. The company provided recommendations for employees to other companies and organised an employment fair.
The company's began operation in the country via a joint venture with Karsai Kft. in 2001. The production plant in Nagyigmánd was set up in 2003, and from 2004 it became fully owned by its US mother company. Nypro, headquartered in Clinton (USA), is an employee-owned plastics company founded in 1955
Eurofound (2008), Nypro Hungary Műanyagtechnikai, Internal restructuring in Hungary, factsheet number 69648, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69648.