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Denso to lay off 800 at plant in Hungary

Japan's Denso, the world's second-biggest automotive industry supplier, will lay off at most 800 of the 4,100 workers at its plant in the Hungarian city of Székesfehérvár, Denso Gyártó Magyarország HR director István Látos told MTI on Thursday.

The decision on the layoffs was taken because of the “extraordinary difficulties arising in the business environment.”

Denso took several steps to preserve the number of jobs at its plant in Hungary. In December, it cut the number of shifts, and in January it introduced a four-day work week.

“In spite of these efforts, the extraordinary difficulties arising in the business environment made redundancies unavoidable for the company in the interest of preserving the conditions for its long-term operation and competitiveness,” head of the unit Yukimasha Ohoka said. (MTI-ECONEWS)