Weak Pecs: Elcoteq to Cut 700 Jobs in Hungary
Published: 10 August 2009
by Mike Buetow
LUXEMBOURG -- Elcoteq today said it would lay off about 18% -- some 700 workers -- of its staff at its manufacturing unit in Pecs, Hungary, in response to falling demand.
The cuts will affect 390 full-time workers and 310 contractors, a company spokesman said.Elcoteq employs about 4,000 workers in Pecs, according to reports.
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