Hungary’s OT Industries-DKG plans layoff of 170
pixabay
Hungaryʼs OT Industries-DKG is planning to lay off 170 of its staff due to a drop in Russian orders for equipment the firm produces for the oil and gas sector, the online edition of daily Zalai Hírlap reported yesterday.
Low oil prices led to a decrease in orders received by the firm, the companyʼs spokesperson Eszter Battai told the online daily, according to Hungarian news agency MTI. The news agency reported earlier that the company had a staff of 630 in 2010.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
