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GE denies layoff plans

GE Hungary, the local arm of the US electronics giant said it is not planning to reduce production following reports from insider sources that major staff cuts are on the table.

GE spokesperson Kinga Kalocsai nonetheless confirmed that production in the future will be scaled to fulfill only specific orders. GE is seeing radically changed economic conditions as well as changes in regulations and the full extent of these cannot yet be fully fathomed, Kalocsai said.

GE has already confirmed that its lighting division will no longer be producing certain types of incandescent light bulbs from September, in line with EU regulations along with other items on its product line. At the same time it will focus on new, energy efficient products. (Napi Gazdaság)