Teodóra Bodó said Bosch will lay off 700 contracted laborers by the end of April and at most 130 indirect laborers by year-end.
The decision was taken because of a significant drop in global automotive industry orders and a paradigm shift in mobility technologies, she said. Projections point to a slow recovery of the sector after the crisis, she added.
About 6,000 people work at the Bosch base in Hatvan.
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