Nokia Completes Job Cuts In Komarom, Hungary
- 26 Sep 2012 9:00 AM
Nokia has axed a further 200 jobs at its plant in Komarom in the third and final wave of job cuts that total 2,300, factory council head Zoltan Laszlo confirmed. Employees were given generous compensation, three months extra pay in addition to the legal minimum and job-seeking benefits as well, he added.
Nokia announced plans to dismiss 2,300 workers from its Hungarian subsidiary last year as it is relocating production of smartphones to Asia.
The company dismissed 1,200 employees in the first wave of the job cuts in March. A further 900 received notices of dismissal in May.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN business