Lear Corporation Hungary Ltd., the local subsidiary of the automotive multinational firm, announced the collective redundancies of more than 800 employees at a workers' meeting this week. Zsolt Kozma, president of the Lear Employees' Union, told reporters that the company announcement about the layoff means the closure of the wiring loop factory in Gödöllő, east […]

Wellis Hungary Co. Ltd. is to cut part of its massage pool production at its plant in Dabas, southeast of Budapest, and will therefore shed 300 of its 950 employees, the business daily Világgazdaság reports. As part of the reorganization, a new development and service center will be established in Dabas with the expansion of […]

Tungsram will stop manufacturing traditional lighting products and will lay off 1,600 workers in several phases by the end of the year, the company told the state news agency MTI on Wednesday. According to the statement, the technological change is unavoidable, and the planned redundancies will mostly affect factory workers in all five factories. The […]

The cylinder heads manufacturer Nemak Győr Alumíniumöntöde (aluminum foundry) Ltd., which employs about a thousand people, will have 180 of its employees laid off by the end of July, the Hungarian news agency MTI reports. In his statement to the news agency, the company's financial director, Gábor Mersich writes that the redundancy at the Mexican-owned […]