Bosch cuts 900 Welsh jobs

BigEd wrote:

Before you get your knickers in a twist best you understand that Europe was a bust for all premium makers in 2009, as was the US, but for the German premium marque trio this was somewhat offset by gains in China, and a few other expanding markets. Plus, VW did ok in Europe anyways: VW group 1% up on 2008 for full year 2009 and VW brand 5% up.

I’m not talking about your VAG Cart; I was referring to the premium manufacturers Bimmer&Merc.

BigEd wrote:

Like the Bosch spokesman said Hungary is cheaper for wages, although the Hungarian Forint has appreciated quite a bit against the euro in the last 11 months, but it also - the reason to move to Hungary - is to be nearer to the centre of its major customers. Since 1991, Bosch Cardiff's inception, Rover Group has gone, Vauxhall Luton car plant has gone, Ford UK car production has gone - although alternators may be supplied for engine dress at Ford's engine plants in UK - and Peugeot Coventry has gone, with only MINI's opening offsetting the downward UK trend. Meanwhile the old Iron
Curtain countries have expanded in leaps and bounds in auto production. This was bound to happen.

That is just fantasy BS Cart, it was cheaper to manufacture in Hungary, so the locust left town.