IBM Storage is closing its plant in Vác and relocating production to Mexico.
The closure of the site on the premises of Zollner Electronic Kft. in Vác will take place by the first quarter of 2024. 450 employees will be affected. IBM was able to offer some of the employees home office jobs for other companies in the group.
The turnover of IBM Data Storage Systems Kft., which still had more than 3,000 employees in 2020, has been falling dramatically for years, from USD 134.2 million to USD 32.3 million most recently, and the net profit from USD 6.6 million to USD 1.5 million.