Aluminium maker Alcoa (AA.N: Quote) will sell two of its manufacturing plants in Hungary in line with cost-cutting plans announced earlier, business daily Vilaggazdasag reported on Wednesday.
The U.S. company, Hungary's 12th-biggest employer, will sell its wiring harness making unit in the town of Mor and car parts maker Alcoa-Kofem Kft. in nearby Szekesfehervar, the paper cited Alcoa-Kofem PR director Ferenc Furulyas as saying.
Furulyas could not immediately be reached for comment.
The plant in Szekesfehervar employs 65 workers, while the factory in Mor has 2,500 employees, the paper said. Alcoa laid off 550 workers in the past two months from the Mor factory, and Furulyas said it planned to cut a further 150 jobs in April.
Furulyas said any further layoffs depended on the economic outlook.
Hungary's government expects the economy to contract by 3.5 percent this year.
Unemployment in November-January rose to 8.4 percent as industrial production plunged in December and several factories in the sector cut jobs and reduced working hours. (Reporting by Gergely Szakacs, editing by Will Waterman)
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