Thursday, February 26, 2009

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Jabil Circuit cuts 900 jobs in Hungary

American electronics company Jabil Circuit Inc announced plans to slash 900 jobs at its Hungarian plant. Falling orders amid the global economic crisis lead to the layoffs, the company told local news agency MTI.

More than 4,000 people work at the plant in the Hungarian city of Tiszaujvaros, 175 kms east of Budapest. The company said on Jan. 28 that it would reduce its global workforce of 85,000 by approximately 3,000, affecting 10 sites around the world and saving the company $55 million annually.

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