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 metals Manufacture of basic metals 24.10 - Manufacture of basic iron and steel and of ferro-alloys
800 - 1,860 jobs Number of planned job losses
Announcement Date
16 April 2025
Employment effect (start)
16 April 2025
Foreseen end date
Description
Dunarolling, an iron and steel manufacturer owned by British-Indian company Liberty Steel, is undergoing liquidation and has announced the layoff of most, if not all, of its 1,860 employees. Negotiations between the employer and employee representatives regarding the terms of the layoffs are set to begin. The timeframe for the layoffs is not yet known.
Dunarolling is one of the two parts of the former metallurgy firm Dunaferr that had been salvaged, restructured and sold to Liberty Steel around mid-2023, while Dunaferr itself entered liquidation. Dunarolling essentially comprises what used to be Dunaferr’s rolling mill unit. Despite earlier promises by Liberty Steel, the purchased units never resumed full operation, and in November 2024, the liquidation process for both units began.
The government has issued a call for tenders for the sale of both former Dunaferr firms, but only Dunarolling seems to have a chance of attracting an investor. If the sale of Dunarolling is successful, about 1,000 workers could be re-employed at the reorganised firm.
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