Hungary, which has been one of the flagship countries in car manufacturing since the 1990s, is devastated by the global financial crisis. In concrete terms, since October, there have been over a thousand dismissals or non-renewed contracts at three car manufacturers'. However, the crisis in the sector could take on a new dimension in 2009. (Ref. 080866)
The automotive sector in Hungary represents several thousands of direct jobs, starting with the approximately 10.000 employees working at the Suzuki, VW/Audi and Opel (engines) factories, and about a hundred equipment manufacturer such as Le Belier, Michelin, Hankook, Nief Plastic, Citele, Linamar, Valeo, Delphi. Most of the production is sold abroad. This sector boomed in the 1990s and then decreased after a slowing phase. In 2006, 187.842 new private vehicles were sold. In 2007, there were on
…Do you have information to share with us?