Japanese electronics maker Sony to withdraw from Hungary.

By bne IntelliNews June 3, 2010
Japanese electronics giant Sony will move out of Hungary, the company announced. Currently, Sony operates a plant in the city of Godollo, northren Hungary, for the production of Blu-ray disc players and DVD recorders. Production would be relocated to Malaysia in order to improve profitability on a group level. The Sony plant in Hungary would halt operations till the end of the current year. The plant employs 540 people.

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