Flextronics

Type
Internal restructuring
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Szabolcs-Szatmár-Bereg
Location of affected unit(s)
Nyíregyháza
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
950 jobs
Number of planned job losses
Job loss
Announcement Date
7 February 2006
Employment effect (start)
Foreseen end date

Description

Electronics company Flextronics plans to lay off 950 workers from its east Hungarian plant. The Nyíregyháza-based plant currently has 2,000 employees. The company announced that their production cycle was seasonal and the current lay-offs would affect as many people as were hired in the last six months of 2005. Flextronics has reported the lay-offs to the county's unemployment centre.

Sources

  • 7 February 2006: Napi Gazdaság
  • 7 February 2006: Világgazdaság

Citation

Eurofound (2006), Flextronics, Internal restructuring in Hungary, factsheet number 62918, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62918.