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.
Car manufacturer Magyar Suzuki Zrt. initiated a mass redundancy scheme involving 1,200 employees thoughout Hungary. The company implemented incentives for workers to leave the company voluntarily offering them two months of salary and other benefits. According to the company, written warnings and commendations were used as a basis for dismissals. Additionally, in cases where both spouses in a couple were considered, only one was dismissed.
Eurofound (2008), Magyar Suzuki, Internal restructuring in Hungary, factsheet number 69659, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69659.