Hungary's DKG-East, a maker of oil and gas industry infrastructure based in Nagykanizsa (SW Hungary), introduced a four-day work week from the start of June and will shut down for two weeks in July because of a drop in orders, local daily Zalai Hírlap reported on Wednesday.
Employees will take a 20% pay cut as a result of the measures, but the company is applying for subsidies to make up for the lost wages, CEO Károly Mádé told the paper.
DKG-East will make use of the downtime to fine tune technical developments in preparation for the introduction of new products. The company is in talks with potential partners, which is expected to result in a boost in production by year-end, Mádé said. (MTI-ECONEWS)