Hungary's Raba to cut axle unit jobs-agency

Newswire

BUDAPEST, Feb 20 (Reuters) - Hungarian commercial vehicle maker Raba Rt will layoff 175 staff, close to seven percent of its headcount, at its Raba Futomu Kft axle unit, the MTI national news agency said on Thursday. Raba's Human Resources Director Ferenc Vissi told MTI the company was not halting any manufacturing, but was trimming headcount in a bid to improve efficiency. Vissi said the company would offer 90 jobs, currently filled by non-staff hired workers, to those affected by the ...

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