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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
330 jobs Number of planned job losses
Announcement Date
22 January 2009
Employment effect (start)
1 January 2009
Foreseen end date
30 April 2009
Description
Tyco Electronics Hungary Termelő Kft, a producer of electronical equipment for the automotive industry, dismissed 330 workers in Esztergom in 2009. Layoffs started in January and were completed in April 2009. The company, located in Esztergom (Komárom-Esztergom county) is the second biggest employer of the region. The company blames the dismissals on the economic crisis and sharp fall in the demand for the company's products. Tyco Electronics Hungary Termelő is part of Tyco Electronics Corporation, headquartered in Berwyn (USA).
Sources
5 February 2009: Heti Világgazdaság
11 February 2009: egominfo.hu
22 January 2009: index.hu
Citation
Eurofound (2009), Tyco Electronics Hungary Termelő, Internal restructuring in Hungary, factsheet number 70033, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70033.
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