Korrgép lays off 70
Szombathely-based food industry machine manufacturer Korrgép Savaria Kft is to lay off 70 of its workers, reducing its staff to 120 people.
The decision has been made after the German partner, which has 38% ownership, announced unexpectedly that it could give no orders to the company, said newly nominated CEO Norbert Paksa to daily Világgazdaság. Korrgép was founded in 1994 and had a turnover of Ft 1 billion last year. The number of employees had already been reduced from 230 to 190 last March, Paksa, however is optimistic. The company has started an extensive marketing program and is negotiating with the surrounding countries. He believes that Korrgép's greatest advantage is meeting individual demands as opposed to mass production. (Vg 8) E.C.
