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.
Alfod es Eszak; Eszak-Alfold; Szabolcs-Szatmar-Bereg
Location of affected unit(s)
Vásárosnamény
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
170 jobs Number of planned job losses
Announcement Date
11 November 2010
Employment effect (start)
1 February 2011
Foreseen end date
1 March 2011
Description
Swiss Interspan is to close its particle board manufacturing plant in Vásárosnamény, leading to the loss of 170 jobs. The remaining employees will work only in the trade and logistics units. The company management promised to fulfill the legal requirements associated with dismissals and has even consulted with employee representatives about auxiliary compensation.
The plant has engaged in wood-related manufacturing since the 1960s and in recent years has produced a wide range of wood products including flooring, wall wrappers, and laminated pieces. The company predominately operated in the domestic market and supplied its goods to surrounding countries such as Serbia, Croatia, Ukraine, Slovakia, the Czech Republic and Romania.
Sources
11 November 2010: Napi Gazdaság
11 November 2010: Heti Világ Gazdaság
Citation
Eurofound (2010), Interspan, Closure in Hungary, factsheet number 71203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71203.
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