GE's Ravenna's Jobs Could Move to Budapest

General Electric has been reorganising its global network for years that involved major layoffs in Hungary as well due to a decline in demand. But this is not a Hungary-specific phenomenon and GE is reportedly planning to shut down several plants in the United States too. One of these, however, would be relocated to Hungary, local business daily Napi Gazdaság reported on Thursday.  Read more at Portfolio.hu.