Hungary: KHG to lay off workers

Hungarian glass manufacturer KHG Uveggyar Kft. in Nagykanizsa, southwestern Hungary, plans to lay off workers due to financial difficulties, it was reported on 13 October 2004. The company will also s…

Hungarian glass manufacturer KHG Uveggyar Kft. in Nagykanizsa, southwestern Hungary, plans to lay off workers due to financial difficulties, it was reported on 13 October 2004. The company will also sell some of its real estate, company officials said. KHG plans to modernise production in order to cope with its difficulties, and the company is currently looking for an investor to help with the implementation of the project, the officials added.