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.
Hungarian state-owned MKB Bank has launched a reorganization. 300 jobs will be lost by the end of 2015. Management positions in the company have already been cut by 30% since the beginning of the year. The Hungarian state acquired MKB from BayernLB last year. MKB Bankʼs after-tax loss grew to HUF 148.1 bln in 2014 from the previous year’s HUF 122.2 bln.
Eurofound (2015), MKB, Internal restructuring in Hungary, factsheet number 79224, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79224.