Delphi to move parts production to Hungary
Delphi Corp., a U.S. car parts supplier, will relocate some of its production to Hungary from France next year to benefit from lower labor costs, Világgazdaság reported, citing a company executive.
The company will spend several million euros to move some manufacturing, including the production of electronic parts, to its two Hungarian plants in Balassagyarmat and Szombathely, Illés Szabó, human resources director of the Balassagyarmat plant, told the paper.
The relocation would create 80-100 jobs at the two units. Delphi is also planning to relocate manual production from the Hungarian units to Slovakia and Poland, Világgazdaság said.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
