(MTI) – Korea’s Samsung has wound up its plasma display panel unit in Hungary, news portal hvg.hu said on Tuesday.
Samsung SDI Magyarorszag’s plant on the outskirts of Budapest was built in 2011. Samsung operates another unit in Hungary, Samsung Electronics Magyar.
The Pest County jobs centre told MTI on Tuesday that Samsung SDI Magyarorszag laid off 104 employees at the end of 2013. The mayor of Göd told MTI that the closure would not have an impact on the jobless situation in the area, but it would strongly affect the town’s revenues. Jozsef Marko (Fidesz) said that in Samsung’s “golden age” ten years ago, it had paid several hundred million forints in industrial taxes into the town’s coffers. Now, the local budget will be worse off by around 120 million forints, he added.
Many of the plant’s workers had come from nearby Slovakia, and relatively few local workers “made their dough” at the factory, he said.