Lear Closing Gödöllő Plant
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Lear Corporation Hungary Kft. is closing its factory in Gödöllő (30 km northeast of Budapest), according to hrportal.hu.
The automotive giant announced the collective downsizing of more than 800 people at a workers' meeting last week.
One reason for the factory closure is likely that the company believes that the labor costs of production in Hungary have become too high.
Five years ago, the company's 500-employee cable whip plant in Gyöngyös was closed, and several hundred workers were laid off at the Gödöllő unit as well.
The parent company has continued opening plants in countries such as Serbia, Morocco and Tunisia, where work can be carried out at substantially lower labor costs.
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