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GE Hungary to use 4-day workweek to save jobs

GE Hungary to use 4-day workweek to save jobs

General Electric's Hungarian subsidiary said Wednesday it would introduce a four-day workweek at one of its key divisions in an effort to prevent layoffs.
The company said it had agreed with trade unions at GE Lighting on the reduced work schedule at eight factories in Hungary, expected to affect up to 40 percent of the unit's 9,500 employees already in March.
GE said that 98 percent of the output of its lighting division in Hungary is destined for export, which has been affected by falling orders because of the global economic crisis.
GE Hungary has a total of 14,500 employees. The shortened workweek will not be applied at the company's other local interests such as Budapest Bank and water, energy, health care and aviation units.


Updated : 2021-06-24 11:28 GMT+08:00