Pound the pork chops lightly to an even thickness. Rub both sides with salt, pepper, thyme, and paprika powder. Cut the onion into rings, clean and slice the mushrooms, and dice the bacon.
Heat 2 tablespoons of butter in a large pan over medium-high heat. Add the pork chops and fry for 6 minutes on each side until they reach an internal temperature of 63°C (145°F). Transfer to a plate.
In a separate pan, heat the remaining butter over medium heat. Add the onion rings, sliced mushrooms, and diced bacon. Pour in the red wine and stew for 15 minutes until the vegetables are tender.
Arrange the stewed vegetables over the pork chops and serve immediately.