date:Aug 04, 2012
The meat processor, which is one of the largest employers in the region, reported losses of Ft300m in 2011 on revenues of Ft75bn, which it attributed to increasing input costs, according to Hungarian newspaper Magyar Hirlap. The company is now negotiating with the government, Ministry of Rural Development, local government and another firm to help save the company.
A plan has reportedly been put before the Hungarian government to save the company, which is likely to involve recognising it as