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-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Tiszaujvaros
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
673 jobs Number of planned job losses
Announcement Date
18 November 2013
Employment effect (start)
Foreseen end date
Description
Manufacturer of automotive and telecommunications equipment Jabil Circuit Hungary is to dismiss 673 employees in Tiszaujvaros by the end of 2013. This follows the creation of almost 700 jobs at the same site in 2011 with the help of a sizable government grant.
The measure is due to low demand for the company’s products.
The management announced to make regular severance payments and to help employees in the search for re-employment.
The company employs 7,950 staff in its three Hungarian sites in Tiszaujvaros, Szombathely and Pecs. In 2013 and 2012, Jabil Circuit announced a total of 850 new jobs at its sites in Szombathely and Pecs.
Sources
18 November 2013: Menedzsment Fórum
18 November 2013: Világ Gazdaság
Citation
Eurofound (2013), Jabil Circuit Magyarorszag, Internal restructuring in Hungary, factsheet number 76232, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76232.
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