Type
Closure
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Veszprem
Location of affected unit(s)
Várpalota
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

250 jobs
Number of planned job losses
Job loss
Announcement Date
13 January 2009
Employment effect (start)
13 January 2009
Foreseen end date
31 May 2009

Description

Okin Kft (formerly known as Dikon Készülékgyártó Kft) has announced the closure of the Várpalota plant with the loss of all 250 jobs. The decision was triggered by the falling demand of the company's products. All redundant workers had been offered jobs in the company's other plant in Hajdudorog. Fifty workers accepted this offer though they have to manage daily commuting to the other plant some 150 kms away.

Okin Hungay is part of Okin Gesellschaft für Antrebstechnik GmbH & Co. KG with headquarters in Gummersbach (Germany). The Hungarian plants produce electrical devices for medical, office and fitness equipment / furniture.


Sources

  • 13 January 2009: HR Portal
  • 13 January 2009: Menedzsment Fórum (www.mfor.hu)
  • 13 January 2009: Heti Világgazdaság
  • : (www.okin.de )

Citation

Eurofound (2009), Okin, Closure in Hungary, factsheet number 68269, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68269.