A Videoton sztori . The Videoton Saga

The saga of the decline of the Videoton Electronic Factory in Székesfehérvár. Once a socialist industrial shop-window, Videoton used to be showered with state awards and military commissions, many of them coming from the Soviet Union. In 1987, 12 billion forints were invested to upgrade its research...

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Bibliographic Details
Other Authors: Schiffer, Pál
Institution:Open Society Archives at Central European University
Language:Hungarian
Published: Budapest Filmstudio ; MTV 1993
Hungary
Subjects:
Online Access:http://hdl.handle.net/10891/osa:c5411894-4671-4143-ab7d-1b230bfba5ec
Description
Summary:The saga of the decline of the Videoton Electronic Factory in Székesfehérvár. Once a socialist industrial shop-window, Videoton used to be showered with state awards and military commissions, many of them coming from the Soviet Union. In 1987, 12 billion forints were invested to upgrade its research and development department. In spring 1991, as the economic crisis unfolded, Videoton production dropped by a third, its debt grew exponentially, and finally the bankruptcy followed suit. Most of the employees had been connected to the factory for decades and did not see bright chances to find new jobs. Yet in the overall mood of despair new ideas of how to provide for the family slowly emerged. Mrs. Farkas started a second-hand clothes shop getting help from the family to start a business. Ex-foreman Imre Varga planned to open a security company. As through the next months they and many more workers are sacked, we witness their struggle to adapt during times of crisis. A classical documentary on economic transition by Pál Schiffer.
Published:1993