News
PECS, HUNGARY – Elcoteq has pledged to soon employ 7,000 workers here again, following a meeting with government officials in Budapest, say published reports.
Elcoteq announced early last month it would let 700 workers go at the end of September. It currently employs about 4,000 at the site.
But after meeting with top Elcoteq leaders, a leading Socialist Party official said the cuts are temporary. “Founder of Elcoteq Antii Piippo and chairman CEO Jouni Hartikainen assured us that Elcoteq made a strategic decision when it set up its European production centre in Pécs,” said Socialist Party member Endre Bókay, according to reports.
SHENZHEN -- SMTA China last week presented awards for seven papers for its annual SMTA South China technical conference.
TEMPE, AZ -- Manufacturing economic activity expanded in August for the first time in 19 months and the overall economy grew for the fourth consecutive month, according to the latest survey of US supply executives.
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