Tyco Electronics Hungary Termelő

Type
Internal restructuring
Country
Hungary
Region
Dunántúl; Közép-Dunántúl; Komárom-Esztergom
Location of affected unit(s)
Esztergom
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
330 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2009
Employment effect (start)
1 January 2009
Foreseen end date
30 April 2009

Description

Tyco Electronics Hungary Termelő Kft, a producer of electronical equipment for the automotive industry, dismissed 330 workers in Esztergom in 2009. Layoffs started in January and were completed in April 2009. The company, located in Esztergom (Komárom-Esztergom county) is the second biggest employer of the region. The company blames the dismissals on the economic crisis and sharp fall in the demand for the company's products. Tyco Electronics Hungary Termelő is part of Tyco Electronics Corporation, headquartered in Berwyn (USA).

Sources

  • 5 February 2009: Heti Világgazdaság
  • 11 February 2009: egominfo.hu
  • 22 January 2009: index.hu

Citation

Eurofound (2009), Tyco Electronics Hungary Termelő, Internal restructuring in Hungary, factsheet number 70033, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70033.