Enter your e-mail address below
to reset your password.
Please activate your registration
by clicking the link in the activation email
or click submit to resend the activation email.
Please check your spam folder too...
Check your mailbox to activate your registration.
Please check your spam folder too.
South-east Hungarian clothing manufacturer Rutex Kft will shut down production next month if it cannot find a buyer, daily Napi Gazdaság reported, citing the company.
Rutex, which makes mostly high-end clothing for West European markets, has recently decided to wind itself up and let go its 85 staff.
Established in 2004, Rutex managed for years to keep up with Asian competition but eventually fell victim to growing pressure from Far-East rivals. Its net revenue plunged nearly half last year to HUF 66.5 million from HUF 111 million in 2009. (BBJ)