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Ryowa Hungary to lay off 34 workers

Japanese-owned automotive parts maker Ryowa Hungary is laying off 34 people at its plant in Esztergom, near Budapest, sources who wished to remain anonymous told MTI on Tuesday.

The layoffs account for about half of the company's 70-80 staff, MTI learnt.

Ryowa Hungary officials would neither confirm nor deny the layoffs and declined any further comment.

Ryowa Hungary had revenue of more than HUF 15 billion in 2009.