Hungary’s OT Industries-DKG plans layoff of 170

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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. 

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