General Electric (GE) has confirmed that it has started talks on the sale of its lighting branch. According to the company, the sale will affect most of the lighting division's plants in Hungary and about half of the local workers.
The Hungarian news agency MTI reported that GE Lighting chairman-CEO Bill Lacey recently informed staff in Hungary in a letter that official talks had started on selling the branch which could be split up for the sale.
GE Lighting and Current’s communications director for the region Kinga Kalocsai said GE plans to sell the business “to optimise its portfolio and focus on its key digital industry activities”.
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