Fundy farewells
Candy Plus Magyarország (CPM) Kft shuts down production in their Gyál factory.
Next Monday, Candy Plus Magyarország (CPM) Kft, the producer of Fundy gums and chocolates shuts down production in their Gyál factory (central Hungary). For two weeks after that, workers will spend two more weeks packaging candies, and the site will be put up for sale. CPM, which posted sales revenues of Ft 2.2 billion in 2003, is relocating production to Hodonin, in the southern Czech Republic, laying off 70 workers. CPM marketing manager Zoltán Kepe says that the main reason for the move is capacity increase, but labor costs will be lower in Moravia, reducing operating costs. (Vg 5) M.M.
