Flex LTD Reportedly Plans to Lay Off 2,000 Employees
SOURCENews reportView the filing ↗
What we know
Location: Sárvár, Hungary.
A specific layoff date has not been disclosed.
Based on news reporting.
Summary
Reports from Nyugat.hu and plant employees say Flex could significantly reduce staffing at its Sárvár, western Hungary plant as part of production modernization and possible relocation of a production line. Earlier August reports suggested permanent staff could fall from about 1,000 to around 400 and temporary workers (400–600) phased out, and more recent information cites potential layoffs of up to 2,000 employees by the end of the year. The company has not officially confirmed the scale or timeline of the workforce reduction, and there are discrepancies between earlier and more recent reports. Possible reasons cited include replacing manual labor with automation and moving at least one production line (reports mention a coffee machine line) potentially to Ukraine.
Flex LTD cut 2,000 jobs.
That is roughly 1.3% of the 150,000 people Flex LTD employs.
LayoffTalk has tracked 5 layoff events at Flex LTD since January 2023, including 227 jobs documented in official WARN filings, with 1 additional event known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by Flex LTD.
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