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Grundfos to lay off 200 in spite of job preservation subsidies

Danish pump and motor maker Grundfos is preparing to lay off 200 workers at its plants in the Hungarian cities of Tatabánya and Székesfehérvér, MTI learnt from an employee who wished to remain anonymous.

The layoffs, to affect both plants to the same degree, will be formally announced on Monday, the employee said.

Grundfos declined to comment when asked by MTI.

At the end of May, HR director for Grundfos's Hungarian unit Andrea Kocsis-Lázár told MTI the company was awarded a HUF 183 million subsidy from the national employment fund to support wage payments for 1,500 workers at its plants in Tatabanya and Szekesfehervar. She said Grundfos would introduce a 36-hour work week from June 1 until the end of August.

Grundfos's Hungarian unit generated revenue of HUF 13.5 billion in 2007. (MTI – Econews)