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.
In January, the equipment manufacturer, MVM Power Trading Ltd, which is a subsidiary of the National Power Line Company Inc(Ovit), announced plans to hire 100 persons in 2011 in Kiskunfélegyháza, Hungary. Ovit already employs 700 employees at other sites. The company aims to reopen a site previously owned by Transelektro Ganz-Rock. The CEO of Ovit, Gopcsa Peter said, "Restarting the plant is of national interest, since most of these products could be purchased only from abroad, but now will be an occasion even to produce for export."
Eurofound (2011), Országos Villamostávvezeték, Business expansion in Hungary, factsheet number 71598, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71598.