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GOVT PLEDGES TO HELP ALMOST 1,000 LAID OFF ABB WORKERS

 

Minister of Innovation and Technology László Palkovics promised the government’s support for almost 1,000 people who are being laid off at ABB’s circuit breaker plant in Ózd, in the underdeveloped northeast of the country, after meeting with local officials and company managers on Friday. ABB on Tuesday announced plans to shut down the plant at the end of 2020 because of falling demand. Palkovics said the best option would be for the plant to remain intact with its workforce, adding that the government was prepared to offer its support if investors show interest. The ministry is also ready to support other employers in the region who hire the laid off workers, he said.