The second biggest producer of TV sets in Slovakia, Nitra-based Foxconn, will lay off up to 600 people. The main reason is reportedly resistance by its main purchaser, Sony, to buy sufficient quantities of the company’s products, the Hospodárske Noviny daily reported.
“We are forced to adjust the current state of employment,” said Foxconn’s spokesperson, Helena Windisch, as quoted by the daily.
The company originally planned to increase the production by one half, Windisch said at the beginning of January 2011 and also hire new employees. But the situation changed and in the second half of 2011 production of TV sets dropped not only in Slovakia but also in international markets and the lack of orders caused Foxconn to change its production plans, according to Windisch.
Analysts told the daily that the situation in the electro-technical industry is not expected to improve this year but they also noted that the Summer Olympic Games in London and the European Football Championship in Poland and Ukraine might temporarily increase the sale of TVs.
Source: Hospodárske Noviny
Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
