Approximately thirty thousand jobs have been lost in Hungary since the onset of the economic crisis in October of last year, reported the business newspaper Vilaggazdasag on Thursday. One third of the lost jobs were in the electronics industry and another third in companies related to vehicle manufacturing, the newspaper stated.
The financial sector and construction industry have also recorded significant job losses. Additionally, 150 jobs were eliminated at the vehicle parts manufacturer Eagle Ottawa in the Hungarian town of Szolnok, and 500 jobs were cut at the lock manufacturer Roto Elzett in the town of Lovo in northwestern Hungary. The business daily Napi Gazdasag reported that a subsidiary of Bakony Works, which supplies metal parts for the vehicle industry, plans to lay off 250 people by the end of March. (H)
