Vehicle-interior company Eybl Hungária, which is under liquidation, will continue production at its four plants in Hungary, though with one-third fewer workers, the business daily Napi Gazdaság reported.
President-CEO Jenő Varga of liquidator Vectigalis told the newspaper that Eybl Hungária will have to lay off about 500 of its current 1,500 workers.
Eybl Hungária went into liquidation after its parent company, Eybl International AG, declared bankruptcy in December.
Eybl Hungária already laid off 230 workers in December.
Preliminary data indicates that Eybl Hungária has debts of more than HUF 4 billion (€15.05 million). (MTI – Econews)