GE’s Hungarian lighting unit will retain for another year 600 of 1,000 employees it planned to lay off this year, GE Lighting said on Friday.
The unit said it had postponed the completion of restructuring until the end of 2012 because of a temporary rise in demand for conventional lighting on global markets.
GE announced in October 2009 it would lay off 2,570 workers at its lighting business in Hungary because of a European Union directive phasing out conventional, low-efficiency lighting by 2013.
At the end of 2010, the company said it would lay off 2,109 people in 2011-2012, 461 fewer than earlier planned because of investments and restructuring.
GE Lighting employs 6,600 people in Hungary.
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