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GE plans two-week shutdown in Hungary

General Electric (GE) Consumer and Industrial will shut down several of its plants in Hungary for two weeks in February and introduce a four-day work week from April to November because of falling orders, business daily Napi Gazdaság reported.

Zoltán Sejpes, director of GE's plant in Zalaegerszeg (NW Hungary), told the paper he hoped further shutdowns would not be necessary after the one in February. Falling orders have hit GE's lighting unit especially hard, he added.

Production at eight of the division's nine plants will be shut down, affecting 90% of workers, GE Consumer and Industrial spokeswoman for Erika Windisch said. The four plants of GE's other business divisions in Hungary will not be affected, she added.

The four-day work week will be introduced to save jobs. (MTI - Econews)