OK folks, here is a bit of news. about 2.5k folks are being cut in hungary. i know this is far from home but wanted to drop it in here in solidary with the workers there... anyhow, give the regulation developments with certain types of lighting being phased out within a year or two this makes sense for GE and everyone else... you can see the story on ge laying off more than two thousand folks here:
GE Hungary plans to lay off 2,570 people from its lighting division in Hungary over the next two years, GE Lighting's head for Europe Phil Marshall announced in Budapest on Wednesday.
The layoffs remain a proposal until an agreement with unions is reached, Marshall said.
The layoffs will affect only production of traditional, low-efficiency lighting; GE will not pull its lighting production out of Hungary, he said. The layoffs are the result of a directive on low-efficiency lighting and the global recession, he added.
Low-efficiency lighting is being phased out in the EU by 2013, under a directive from Brussels. Read the full article here.