Electronics Production | November 28, 2008
Foxconn to lay off 1500 in Hungary
EMS-giant Foxconn is to lay off 1500 staff at its Hungarian facilities as it sees dropping orders. This is more that 50% of the companies total workforce in Hungary.
The lay-offs will involve 1000 workers at Foxconn's facility in Komarom and 500 in its facility in Debrecen. The EMS-provider is then to employ around 1,150 people again, a Reuters report stated. No further details are available.
Hungary's economy is expected to enter recession in 2009 due to falling export demand and a drop in domestic consumption.
Hungary's economy is expected to enter recession in 2009 due to falling export demand and a drop in domestic consumption.
Ad
Fossil Group to sell smartwatch technology to Google’s
Fossil Group says that its plan to sell USD 40 million worth of intellectual property (IP) related...
Admiral Cable Bringing Hundreds of Jobs to New Mexico
Taiwan-based Admiral Cable ended 2018 by announcing it will expand to Santa Teresa...
Indiana’s Lake Cable Starts 2019 with Multi-Million Dollar...
Lake Cable LLC, a privately-held wire and cable manufacturer, ended 2018 with plans in place...
Epec Strikes Deal with Lavallee Machining
Epec LLC has agreed to purchase certain assets from Lavallee Machining, a...
Blackstone to invest €200 million in German battery production
Swiss based Blackstone Resources AG announces that is setting up a new subsidiary – Blackstone Research GmbH – in the city of Erfurt in Germany, with the aim to start manufacturing EV batteries close to the European...
Wiliot Scores Funding for Battery-Free Bluetooth Sensor Tags
On the heels of its recent demonstration of the sticker-sized Bluetooth sensor...
Varitron Acquires XCELSIA, Plans Rapid Prototype Manufacturing...
Canada’s Varitron, an integrated EMS provider, has acquired all assets of XCELSIA Technologies...
SMTC Corp receives contract from the United States Navy
EMS provider SMTC Corporation announces that its subsidiary, MC Test Services, was recently...
Plexus kicks off 2019 with a strong first quarter
During the EMS provider’s first quarter for the fiscal year 2019 the company recorded revenues...
Stoneridge appoints new president for electronics division
Stoneridge Inc. has appointed Laurent Borne as president of the Electronics Division of...
Éolane opens its new plant in Estonia
Electronics manufacturer, Éolane, announces that its subsidiary in Estoria, Éolane Tallinn AS, has opened its new manufacturing plant in Lasnamäe; to where its entire production was transferred at the end of last year.
Osram Divests NA-based SLS; WESCO Increases Foothold
WESCO International Inc. has announced the acquisition of certain assets of Sylvania...
Drone Aviation Secures Multi-Million Dollar Award, Plans Expansion of...
Drone Aviation Holding Corp. has been selected by an as-yet-unnamed prime...
Profound Medical starts cooperation with Scanfil
EMS provider, Scanfil, announces that it has signed an agreement with Medical...
A sharper price decline of nearly 20% is expected for 1Q19 in DRAM market
The overall price trend in the DRAM market has been stable in December, showing no...
Amphenol Invotec secures Nadcap approval for its Telford site
PCB manufacturer Amphenol Invotec, announces that its Telford site has been awarded...
Bentec finds a distribution partner in Detech Europe
Bentec Ltd is partnering with Detech Europe Ltd to sell its range of Surface Mount...
Oregon, Ireland and Israel on Intel’s Map for Manufacturing Site...
In an effort to evolve from a PC- to data-centric company and deliver solutions that process...
LG Electronics and AEye Partnering to Deliver Solutions to ADAS Market
Multinational electronics company LG Electronics (LG) and AEye, maker of artificial...
Most Read
Load more news
