German engineering Bosch to relocate production to Hungary in August.

By bne IntelliNews April 23, 2010
German engineering company Bosch plans to transfer its production of car components from Wales to Hungary as of August, business daily Napi Gazdasag reported, based on information from spokesman for Bosch Hungarian unit Ferenc Ficzere. The process is expected to take one year. Specifically, the production of alternators for luxury cars will be moved to Miskolc and Hatvan, where Bosch already runs two plants. The operation will require the hiring of additional 400 employees for the Miskolc plant while the new jobs created in the Hatvan facilities will be less by an unspecified amount.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss