General Electric sale of lighting business to affect Hungarian operation
General Electric have begun talks on the sale of its lighting business, the company told Hungarian news agency MTI on Monday. The sale is said to affect a large part of the companyʼs plants in Hungary and about half of its local workers.
MTI reported that GE Lighting Chairman-CEO Bill Lacey recently informed Hungarian staffers in a letter that official talks had started on selling the business, which could be split up for the sale.
Kinga Kalocsai, PR and communications director for GE Lighting & Current Europe and Middle East, told MTI on Monday that the company is looking to sell its lighting business as an effort to "optimise its portfolio and focus on its decisive digital activities".
The Budapest Business Journal has contributed to this article.
