The German engineering giant Bosch has confirmed that it is to close down a unit in central Hungary where it manufactures car stereos. Peter Dallos, the financial director of the Bosch-owned Digital Disc Drives plant in the Hungarian town of Kecskemet, told the local news agency MTI that orders were down by over half in the past few months as the crisis in the automotive industry deepened.
The factory currently employs about 500 workers. Dallos said that the Hungarian plant, which uses manual l...

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