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Electronics Production |
Mass layoffs at FagorMastercook
White goods manufacturer, FagorMastercook, will implement a collective dismissal programme in Poland, resulting in the loss of 1'118 jobs by the end of May 2014.
Workers who are made redundant will receive a severance package. The company announced that the reason for the redundancies is because the factory is no longer profitable due to a shrinking order book and deterioration of situation in the domestic appliances market.
The factory in Wrocław was founded in 1946 and was state-owned until it was acquired by Fagor in 2002.
