Sony Closing Hungary Plant, Moving Work To Malaysia
BUDAPEST, Hungary (AP) -- The Hungarian subsidiary of Sony Corp. said Wednesday it would close a manufacturing plant in Hungary and move its production of Blu-ray players and DVD recorders to Kuala Lumpur, Malaysia.
Sony Hungaria Kft., which was founded in 1996, said 540 employees would be affected by the decision to close the plant in Godollo, 30 kilometers (19 miles) east of Budapest, at the end of the year.
Sony said the move is part of the company's effort to improve profitability and production efficiency. Sony's commercial center for eastern and central Europe will remain in Hungary.