Tungsram to cease production of conventional lighting
Hungary's Tungsram will cease production of conventional lighting and lay off 1,600 people by year-end as a result, the company said on Wednesday, according to a report by state news wire MTI.
In the present circumstances, the technological changeover is "unavoidable", Tungsram said.
The layoffs will affect mainly production line workers at all five of the company's plants.
Tungsram will shift its focus to energy-saving lighting upgrades, parts, and components production, and LED lighting for outdoor and industrial use and in tunnels.
There were partial shutdowns at Tunsgram's plants between April 11 and 22.
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