The company will lay off 1,600 workers by the end of the year- more than half of its total workforce.Continue reading
The government is allocating funds to the re-training and re-employment of Tungsram workers laid off as the company is stopping the manufacturing of traditional lighting products, the innovation and technology ministry said on Wednesday.
Tungsram said in April that some 1,600 workers will be laid off as it ceases production of its hallmark products by the end of the year. The layoffs will impact workers in Kisvarda and Hajduboszormeny, in eastern Hungary, and Nagykanizsa and Zalaegerszeg, in southwest Hungary, the company said.
The government will fund workers’ jobhunting with direct subsidies and training during the notice period, the ministry said in a statement to MTI on Wednesday. Future employers will also be eligible for state subsidies, the statement said.
Featured photo by Noémi Bruzák/MTI