VIENNA – Magna Steyr will close its Magna Steyr Engineering Center Hungaria subsidiary in Gyor, Hungary. “Under the current plan, operative business at the engineering center is expected to be discontinued at the end of 2012, with the exception of certain projects,” Magna Steyr says in a statement. “This step has become necessary due to a combination of the current market conditions and declining business.” The closing affects all 42 employees of Magna ...

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