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Dunaferr announces laying off of 158 workers

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Steelmaker ISA Dunaferr has initiated the process of laying off 158 workers at the company’s plant in Dunaújváros, company Human Resources Director András Mezőközy announced on Friday.

On November 7, state secretary for employment Sándor Czomba said that Dunaferrs management had confirmed plans to lay off 400 workers, well under the 1,500 redundancies announced in August. Czomba also said on November 7 that the government scrapped plans to buy Dunaferr, and acknowledges that the management of ISD Dunaferr is interested in the companys long-term stable operation, rather than its sale.

The government will try to offer the company and its employees assistance in other areas, he said.

The government announced in August that it would make a buyout offer for ISD Dunaferr after the company said it would lay off 1,500 of its 5,000 workers. The company’s CEO, Evgeny Tankhilevich, later said Dunaferr appreciated the government’s aim to assist, but not through a buyout.

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