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.

ADVERTISEMENT

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical... Energy Trade

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical...

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.