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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
800 jobs Number of planned job losses
Announcement Date
7 November 2008
Employment effect (start)
1 January 2008
Foreseen end date
7 November 2008
Description
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
Sources
27 November 2008: HR Portal
7 November 2008: Index
Citation
Eurofound (2008), Nypro Hungary Műanyagtechnikai, Internal restructuring in Hungary, factsheet number 69648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69648.
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