Type
Internal restructuring
Country
Hungary
Region
Location of affected unit(s)
Komárom, Debrecen
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

1,500 jobs
Number of planned job losses
Job loss
Announcement Date
28 November 2008
Employment effect (start)
20 January 2009
Foreseen end date
20 February 2009

Description

Foxconn Hungary, Taiwan-based handset and camera maker, has announced that it is to cut 1,500 jobs at two plants located in Komárom (Northern Hungary) and Debrecen (Eastern Hungary) affecting more than half of the total workforce. Of the 1,500 job losses, 334 will occur at the smaller plant in Debrecen, and the remainder - more than 1,000 – at the Komárom site, affecting operators, engineers, office staff and managers. Redundant workers were informed on 20 December 2008, they will receive formal notification by 20 January 2009, which will take effect one month later.

Foxconn Electronics Inc., the trade name for Hon Hai Industry Co. Ltd funded in 1974, with headquarters in Taipei, Taiwan, is one of the world's major producer of connectors for desktop and notebook PCs and a wide variety of electrical (e.g. usb and data) cables. Its Hungarian plants are the major global suppliers of Nokia.


Sources

  • 28 November 2008: Világgazdaság
  • 28 November 2008: Index
  • 28 November 2008: Hirszerző
  • 28 November 2008: Heti Világgazdaság

Citation

Eurofound (2008), Foxconn, Internal restructuring in Hungary, factsheet number 67763, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67763.