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Turkish TV Maker Grundig Cuts Staff
Dec 24, 2008
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Turkish television maker Grundig Elektronik, formerly Beko Elektronik, cut its workforce by 25% in response to shrinking domestic and international markets. The company said it had made 432 staff redundant in the move, which also reflected seasonal demand fluctuations. It said production of old-style cathode ray tube televisions had been reduced in favor of liquid crystal display (LCD) television production.

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