Bloomberg News

Philips to Cut 230 Jobs in Hungary, MTI News Service Reports

March 09, 2012

Royal Philips Electronics NV (PHIA) plans to cut 230 jobs at its factory in Szekesfehervar, central Hungary, MTI reported today, citing local Philips spokesman Peter Blazsevacz.

Philips had 750 employees at the factory as of September, the state-run news service said, citing Blazsevacz.

To contact the reporter on this story: Zoltan Simon in Budapest at

To contact the editor responsible for this story: Balazs Penz at

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