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Scanfil to Close Hungary Factory
November 11, 2016 | ScanfilEstimated reading time: 1 minute
Scanfil EMS Oy’s Hungarian subsidiary Scanfil Kft has decided to close down the factory in Biatorbagy, Hungary. The negative impact on earnings resulting from the factory closing is estimated at approximately €1.3 million and an impact on earnings is mainly focused on the fourth quarter of 2016. The plan is to conclude the actions during the second quarter of 2017.
Scanfil Kft employs about 200 workers and salaried employees at Biatorbagy plant. Turnover of Scanfil Kft in 2015 was about €13.6 million and operating loss of approximately €1.2 million. Closing the factory will finalize the restructuring related to PartnerTech factory network integration. Existing customers of Scanfil Kft will be served from other Scanfil’s factories in the future.
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