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Fehrer wraps HUF 3.48b plant expansion
Fehrer wraps HUF 3.48b plant expansion
BUDAPEST: Fehrer Automotive-Raba, which produces foam products for car seats, completed a HUF 3.48 billion expansion at its base in Mór, central Hungary, according to state news agency MTI.
Fehrer used the funds, HUF 639 million of which were provided by a grant from the European Union, to renovate its production hall, build a warehouse, install three production lines and improve its…
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Mass layoffs hit European auto parts suppliers
In Germany, France and other countries, auto makers are imposing mass layoffs and factory closures. Employees in the auto parts supply industry are also being affected severely. In the next five years, 75,000 jobs are to be eliminated at car parts…
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