Budapest - The US-based circuit board manufacturer Jabil Circuit is to lay off 900 workers at its plant in Hungary, the firm revealed on Wednesday.
Jabil, which currently employs some 4,000 in Hungary, told the local news agency MTI that its decision was due to falling orders.
The news came the day after Hungary's official economic statistics office forecast that 105,000 jobs would be lost this year.
Of these, 12,000 will be in the automotive sector and 10,000 in construction. Anna Adamecz, a department head at Ecostat, said that 60 per cent of redundancies will be due to falling demand in export markets.