Foxconn plans to slash 1,500 jobs in Hungary

Dec. 1, 2008 (China Knowledge) - Taiwan-based handset and camera maker Foxconn International Holdings<2038>, said it plans to lay off 1,500 workers at its two Hungarian plants due to the gloomy economic environment, the South China Morning Post reported Monday, citing Hungary news agency MTI as saying.

According to the report, Foxconn will cut 1,000 jobs or half the workforce at its plant in Komarom, and another 500 employees from 650 staff in Debrecen.

Peter Talos, a company executive with Komarom plant said all manufacturing of electronic parts in Hungary will be moved to Debrecen, adding further lay-offs will depend on the economic environment.

Separately, the world's biggest mobile phone contract maker announced earlier it plans to control costs by redeploying 5% of its frontline worker and 10% of management in Shenzhen, as it faces a decline in orders fueled by the global financial turmoil and economic recession.