Itron to close Gödöllő plant in early 2022
Casimiro PT / Shutterstock.com
Itron announced that it is contemplating relocating production from its Gödöllő plant. Production is estimated to be relocated by the end of 2021 and the Gödöllő plant is expected to be closed in early 2022, which is subject to completion of European and country due processes with employee representative bodies, according to a press release sent to the Budapest Business Journal
Image by Casimiro PT / Shutterstock.com
The company has initiated discussions with employee representative bodies about the labor-related aspects of the phasing out and production relocation of metering equipment from Gödöllő.
Nearly 200 employees are affected by the shutdown. The sales team associated with the Gödöllő facility will continue to work out of Itronʼs Budapest site.
The company says that it will enter discussion with the employee representative bodies at the appropriate time and treat the impacted employees fairly and with respect.
The Itron Center of Excellence, opened in Budapest in 2017, will not be affected by the recently announced cost optimization measures. The facility employing 150 people will continue its business without changes.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.