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Hungary’s Lightning Company Tungsram Announces Mass Layoffs

2022. április 29.

HUNGARY Today

Renowned Hungarian lighting company Tungsram will lay off 1,600 people – more than half of its total workforce- by year’s end as a result of its decision to cease production of conventional lighting.

Tungsram CEO Joerg Bauer has announced a collective redundancy on Wednesday. By the end of the year, 1,600 workers will leave the 125-year-old Hungarian company, which employs a total of 3,000 people, so the layoffs will affect more than half of the workforce.

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Photo by György Varga/MTI