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TP Vision to close television plant in Hungary

Initiatives

Netherlands-based TP Vision will close the company’s television factory in Székesfehérvár, central Hungary, at the end of 2013 and move production to co-owner TPV Technology’s plant in Gorzow, Poland, TP Vision told MTI on Tuesday. TP Vision, which manufactures Philips television sets, will lay off 370 of its 400 workers in Székesfehérvár, retaining approximately 30 employees to work at a company distribution centre in the city. Taiwan-based TPV Technology owns 70% of TP Vision, while Netherlands-based Royal Phillips Electronics owns 30% of the company.

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