SZEKESFEHERVAR, HUNGARY -- Videoton Holding is forecasting revenues to drop more than 20% this year.

Videoton, the largest EMS firm in Hungary and the 27th largest worldwide, according to the CIRCUITS ASSEMBLY Top 50, said volumes would fall 30 to 40% for the year.

 It has trimmed its employment rolls by 800 in the past year and is contemplating more cuts, according to reports.

Videoton's sales are largely derived from automotive (50%), household appliances (20%) and industrial electronics (10%).

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