Type
Closure
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Fejer
Location of affected unit(s)
Székesfehérvár
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62187.