One of the Largest Hungarian Bicycle Factories Is Closing, Nearly 500 Workers May Be Laid Off

444.hu

Lean Left

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The owner is unable to meet its financial obligations due to the downturn in the European market.

telex.hu

Lean Left

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The Hungarian factory is in Dutch hands, and the international group filed for bankruptcy on Wednesday.

Origo

Right

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Four hundred people will lose their jobs in Tószeg after the operation of Accell Hunland became impossible.

Pénzcentrum

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This summer, Hungarian trade unions have become unusually active, with workers at Hanon Systems and IKEA already on strike, and workers at Continental in Szeged preparing for a work stoppage due to low wages and deteriorating working conditions. The recent change of government may also play a role in the increase in worker dissatisfaction and the emboldening of interest groups, although workers are divided on whether the new political leadership…

Index

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One of Hungary's largest bicycle factories is unexpectedly closing, more than four hundred people will lose their jobs - The company management was optimistic until the last moment.

economx.hu

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The Hungarian location of the bicycle manufacturer Accell is closing, writes Miklós Gyuricza, the mayor of Tószeg, in a Facebook post. According to him, they knew for more than a year that there might be a change in the life of the factory, and that a professional investor would take over the factory, but the company management had been optimistic until now.