EMCC European Monitoring Centre on Change

Zalahús

Company/Organisation:
Zalahús

Geographic Location

Country: Hungary
Region: Zala; Nyugat-Dunantul; Dunantul

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10.1 - Processing and preserving of meat and production of meat products
Number Employed: 600

Employment Effects

Announcement Date: 04-04-2005
Planned Job Reductions min: 284
Planned Job Reductions max: 284
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-03-2005
Foreseen End Date: 01-04-2005
Direct Dismissals: 84
Other Job Reduction Measures: 200

Additional Information

Creditors submitted an application to liquidate the Zalahús joint-stock company. The company, manufacturing meat products, continuously had financial problems in the last years. Zalahús announced in March 2005 the dismissal of 84 workers. In April 2005, 200 employees gave their notice because the firm is in arrears with salaries. The local trade union plans to take legal steps and discusses the possibility of a demonstration.