VT-Circuits

Type
Closure
Country
Hungary
Region
Dunántúl; Közép-Dunántúl; Fejér
Location of affected unit(s)
Székesfehérvár
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
185 jobs
Number of planned job losses
Job loss
Announcement Date
2 September 2005
Employment effect (start)
2 September 2005
Foreseen end date

Description

Contract electronics manufacturer Videoton has closed and started liquidation at its printed circuit board unit, VT-Circuits, because it was unable to compete with cheaper Asian competitors. Some of VT-Circuits’ 185 employees have found work at other Videoton subsidiaries.

Sources

  • 2 September 2005: Népszabadság

Citation

Eurofound (2005), VT-Circuits, Closure in Hungary, factsheet number 62187, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62187.