Diebold Nixdorf is planning to shut down its production facility located near Budapest in Gyal, Hungary, as part of the company's recently announced DN2020 multiyear business transformation programme.

The proposed closure will enable the company to streamline its supply chain operations. Production activities from the Hungary site will be transferred to other facilities in the company's global manufacturing network.

Diebold Nixdorf’s plant in Hungary assembles and delivers automated teller machines (ATMs) and related components, mainly for customers in Europe, the Middle East and Africa and Latin America.

Production and related operations at the facility will be closed gradually by the end of the third quarter in 2017. At present, there are nearly 150 staff working at the Hungary facility who will receive separation packages.

Diebold Nixdorf senior vice president and COO Juergen Wunram said: “As with any project of this kind that impacts our people, these are difficult decisions.

"Closing the Hungary plant and consolidating production into larger and more scalable facilities will enable us to be more competitive, agile and efficient for our customers, and help ensure the future success of the company."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.