Elcoteq lay-off smaller than expected - newspaper
Finnish electronics company Elcoteq is expected to lay off 400-500 workers at its plant in Pécs (SW Hungary), fewer than the 680 reported earlier, regional daily Új Dunántúli Napló said on Tuesday.
News portal Pécsi STOP said in mid-July that the plant told the local labor office and unions that it would lay off 680 workers.
About 2,800 people work at the plant at present, down sharply from 7,000 before the crisis.
Elcoteq has been present in Hungary since 1998. It earlier operated three plants but now has just the one in Pécs.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.