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Hungarian Companies to Cut Workforce

by 5m Editor
24 March 2009, at 8:18am

HUNGARY - Two meat and poultry firms are to slash hundreds of staff.

Békéscsaba-based poultry processing company, Merian Orosháza Zrt, will cut 180 to 210 staff, reports Real Deal of Hungary, citing Napi Gazdaság.

The company was previously a member of the Carnex group and it has been under liquidation for some time as it is struggling to pay its labour and energy bills, while facing falling demand. Merian has debts to the tune of 6.4 billion florints (HUF).

Meanwhile, Zala County regional newspaper, Zala Hírlap, reports that meat company, Hunnia Kft will hive off its entire work-force because it cannot pay the salary of its 149 staff. Production at the plant was shut down on 23 February.

Chief executive, Gábor Radó, said he was hopeful the plant would be revived at some point in future as the company is in talks with a strategic investor.