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
500 jobs Number of planned job losses
Announcement Date
5 July 2013
Employment effect (start)
Foreseen end date
30 September 2013
Description
Sanyo, a member of Panasonic group has announced the closure of its site in Dorog, and the dismissal of all 500 employees in September 2013. The liquidation process is expected to end in March 2014, and the equipment will be transported to Malaysia and Japan.
In its Dorog plant Sanyo produced solar panels since 2005. The decreasing volume in European orders brought the decision of closing down the site here.
For information on previous restructurings in Hungary see here (Sanyo 2012) and here (Sanyo 2011).
Sources
5 July 2013: MenedzserFórum
5 July 2013: Origo
Citation
Eurofound (2013), Sanyo, Closure in Hungary, factsheet number 75631, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75631.
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