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.
Békéscsabai Hűtőipari Zrt., producer of frozen corn and green peas, is to cut 100 employees in Békéscsaba (Békés county). According to a press release sent to the news agencies this redundancy plan is a result of unfavourable market conditions. The plant served as a local redistribution centre of Globus group, its parent company. The company blamed the decision to cut the jobs to the falling prices of products and increasing quality expectations on the part of buyers, which should have required substantial investments. Production will cease after the layoffs, however, the cold storage facility will be maintained with the remaining 25 employees .
Eurofound (2009), Békéscsabai Hűtőipari, Internal restructuring in Hungary, factsheet number 70031, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70031.