Electronics Production | December 16, 2008
Videoton with gloomy outlook
Hungarian based EMS-provider Videoton paints a gloomy outlook for 2009 and 2010.
Although there can be a recession by the end of 2009 / beginning of 2010, the company is taking all possible events into account. The EMS-provider even considers the possibility of a decrease in interest in its products and a subsequent decrease in earnings. However, Videoton - in local Hungarian media reports - made it clear that now is not the right time to increase the wage and salary base. Ottó Sinkó also stated that forced local business tax can also ruin jobs in Hungary. He concludes that the EMS-provider needs to keep an eye on its partners to determine the course of business strategy.