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 […]
Tungsram, an internationally renowned multinational company headquartered in Budapest, offers lighting and intelligent lighting-based services, smart solutions for buildings and cities, as well as tailor-made ‘greentech’ solutions. The company looks back at a history of over 125 years. Its President & CEO Joerg Bauer tells Diplomacy&Trade about how Tungsram reacts to market changes and opens […]
From this coming Monday, certain employees of the lighting production company Tungsram will be sent on leave due to partial plant shutdowns, because the company is facing an insoluble situation due to economic circumstances, the southwestern Hungarian newspaper Zalai Hírlap wrote on Saturday, referring to the company's CEO Joerg Bauer. Joerg Bauer said that after […]
An R&D purpose vertical farm unique in Central Europe was presented in the Újpest headquarters of Tungsram. The installation, which is based on technology evoking sci-fi movies, is one of the key factors for the food security of the future. The farm was established with the funding of the Hungarian Ministry for Innovation and Technology […]
Hungary’s internationally renowned lighting company Tungsram celebrates the 125th anniversary of its foundation this year. Its President & CEO Joerg Bauer tells Diplomacy&Trade about the firm, the brand and how this history was intertwined with that of Hungary. “We have been very much looking forward to celebrating this anniversary. Under the present circumstances, we will […]
Tungsram, the innovative Hungarian technology company that has been well-known for 125 years for his lighting solutions and products see Algeria as a respected partner and a promising market for its services, as it was in the past, says President&CEO Joerg Bauer. “In our recent discussions with His Excellency Ambassador Ali Mokrani we have found […]
