Country Will Remain An Attractive Investment Location Despite Flextronics Pull-Out

Singapore-based parts supplier Flextronics has revealed plans to close down its plant in Mor, Hungary by March 2011, which will result in nearly 340 job losses. Although the company has not disclosed the exact reason for the closure, BMI sees it as a sign of continued weakness in auto production, which is prompting suppliers to consolidate and restructure their operations. However, we expect Hungary to continue to be an attractive location for investments from suppliers over the long

To read the full article, please choose one of the following options: