Tag: germany

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Are vehicle plants in Hungary at risk? - Why? It's really worth operating here!

May 17, 2019, 2:11 pm
A report by German daily newspaper Handelsblatt on Sunday caused quite a ruckus, as it said multiplying challenges are forcing luxury carmakers BMW and Daimler to make cutbacks which will negatively affect... 

German multinational firm with Hungarian operation starts layoffs

May 14, 2019, 3:58 pm
Automotive industry supplier Mahle, which also operates in Hungary, is starting a cost-cutting scheme. The fourth-largest German supplier is axing every tenth position at its headquarters in Stuttgart... 

German carmakers may rivisit expansion plans - paper

May 13, 2019, 1:05 pm
BMW and Daimler are forced to make some cutbacks therefore they will need to water down plans for the expansion of production in Hungary, German business daily Handelsblatt reported on Sunday. The article... 

German multinational to invest nearly EUR 100 mn in Hungarian plant

May 10, 2019, 3:53 pm
Germany’s Infineon Technologies AG, a world leader in semiconductor solutions, is to invest 32 billion forints (EUR 98.9 mn) in its Cegléd-based plant in Hungary. The development project will create... 

More Hungarians are born in Germany than in some Hungarian counties

April 16, 2019, 12:32 pm
The number of Hungarian expats living in Germany has risen further and exceeded 210,000 at the end of 2018, data published by Germany’s statistical office (Destatis) showed on Monday. The details... 

Hungary Mol enters into recycled plastic compounding by acquisition

April 15, 2019, 1:22 pm
Hungarian energy group Mol has announced on Monday that it has signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants located nearby automotive manufacturing... 

Hungary's 3rd largest investment project could be a gigantic property deal

March 21, 2019, 5:24 pm
Germany’s Fakt AG is to embark on a one billion euro investment project in western Hungary to create Europe’s most advanced horticultural production processing and logistics centre in Hegyeshalom/Bezenye.... 

German group boosts Hungarian headcount by 30%

March 18, 2019, 9:20 am
Germany’s industrial services specialist Leadec Group hired 150 people in its Győr-based (northwest Hungary) plant, boosting its headcount there by 30%, the company told state-owned newswire MTI... 

One-week strike in Hungary causes major loss for Audi

February 5, 2019, 9:08 am
More than ten thousand cars were never made in Audi AG’s central manufacturing plant in Ingolstadt, Germany due to the one-week strike held at the Hungarian unit of Audi in Győr, northwest Hungary... 

Audi Hungaria signs wage hike deal with union, strike ends

January 31, 2019, 8:51 am
The Hungarian arm of German carmaker Audi has agreed with the Audi Hungaria Independent Trade Union (AHFSZ) on how wages at the company will change in the next 15 months. The agreement signed late on Wednesday... 

Audi's Ingolstadt plant out of commission also on Friday

January 30, 2019, 2:55 pm
As the strike for higher wages continues at Audi’s Hungarian unit in Győr, car production cannot be resumed at the German automotive group’s central plant in Ingolstadt, Germany, either. Production... 

Audi strike in Hungary to end shortly, union faces major decision

January 30, 2019, 9:28 am
There is still no agreement on 2019 wages between Audi Hungaria and the Audi Hungaria Independent Trade Union (AHFSZ), while the one-week at the German carmakers plant in Győr (northwest Hungary) is approaching... 

Audi's Ingolstadt plant stays closed also on Thursday due to Hungarian strike

January 29, 2019, 5:07 pm
The strike continues at Audi’s Győr-based plant (northwest Hungary) which has put production on halt at the German plant in Ingolstadt, as well. Daily Donaukurier has learned that the central factory... 

Clouds over Audi are getting darker

January 28, 2019, 4:28 pm
Wage talks continue between the employer and the employees at the Hungarian manufacturing plant of German carmaker Audi. The stakes are high, given that this unit supplies engines to the concern. The... 

FAG launches EUR 78 mn bearing plant in Hungary

January 17, 2019, 3:27 pm
FAG, part of Germany’s Schaeffler Group, a global automotive and industrial supplier, has set up a 25 billion forint (EUR 77.78 mn) bearing plant in Debrecen, Hungary, creating 500 new workplaces.... 

Another German company to set up shop in Hungary

July 17, 2018, 1:38 pm
Krones AG, a Germany-based designer, developer and manufacturer of processing, packaging and bottling machines and systems, is to build its second European plant in Debrecen, eastern Hungary, Krones Hungary... 

Hungary needs not to fret about drastic German ideas

February 26, 2018, 3:29 pm
The EU Treaty would not let Hungary and Poland to be denied the payment of structural funds beyond 2020 despite concerns over their rule of law deficiencies and refusal to take in refugees. There are two... 

Commerzbank Q4 profit greatly beats expectations

February 8, 2018, 9:11 am
Germany’s Commerzbank recorded way better results in the fourth quarte of 2017 than what the market expected. Chief Executive Martin Zielke said the first year of the bank’s multi-year strategy... 

Hungary's Orbán talks Putin, Merkel, refugees with German paper

January 15, 2018, 2:23 pm
The European Union must help the refugees but you cannot help the world by ruining your own people, Hungary’s Prime Minister Viktor Orbán told German newspaper Welt am Sonntag in an interview published... 

Massive job cuts planned by Siemens may benefit Hungary

October 20, 2017, 8:58 am
Siemens AG is starting what could be its largest round of job cuts in at least two years and may close several sites as part of a reorganization plan, people familiar with the matter said. The downsizing... 
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