Business News

Oct 28, 2009, 15:40 GMT

GE proposes job cuts of 2,570 in Hungary

Budapest - General Electric could lay off 2,570 workers at its Hungarian lighting division over the next two years, the US-based maker of electrical products and jet engines announced Wednesday. The European director of GE Lighting, Phil Marshall, told reporters in Budapest that for now the decision remains a 'recommendation,' pending talks with unions, the local news agency MTI reported. The planned layoffs would include the complete closure of a GE factory in Vac that employs 700, and 1,300 of 1,750 jobs at a plant in Nagykanizsa. The proposed downsizing of GE's Hungarian operation is a response to a recent European Union directive that outlaws traditional tungsten light bulbs in favour of more energy-efficient fluorescent types. GE currently employs 14,000 workers in Hungary in sectors as diverse as energy, aviation, health care, water management and electronics.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
Office 2010 confirmed for June 2010 - The Tech Herald
Peter Berg Says No Hancock 2, For Now - Cinema Blend
Lisa Loeb Welcomes Baby Girl, Lyla Rose - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Daimler begins building new car plant in Hungary
Visa, Mastercard, banks fined for price fixing in Hungary
Hungarian backwater slated to become Europe's Las Vegas
Financial watchdog fines HSBC 350,000 dollars over bond deal
Energy company MOL signs deal with Croatian government

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

Michael Stuhlbarg

Shohreh Aghdashloo

From Sites we Like

There is only one response when your neighbor is chasing you with a lawnmower blade and asking you if you've ever seen 'Sling Blade.' Mmm hmm [Florida]
How not to handle your dad getting fired as GM CEO [Dumbass]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint