ABB to shut down plant in Hungary, cutting 1,000 jobs
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BUDAPEST (Reuters) - ABB will shut its factory in Ozd, northeast Hungary, by the end of this year due to falling customer demand, cutting 1,000 jobs, the Swiss engineering company said on Tuesday."The decision was made after a thorough evaluation of all available possibilities at Ozd, but particularly in view of changes in customer demand," it said. "As a result, Ozd's volume will continue to decline to the point that it is not viable to keep the plant open."The factory, which produces..