UPDATE 1-Suzuki to lay off 1,200 workers in Hungary


(Updates with company comment, new targets) BUDAPEST, Nov 28 (Reuters) - Japan's Suzuki Motor Corp plans to lay off around 1,200 of its 5,523 workers at its Hungarian unit on a sharp drop in orders, the company said on Friday. Suzuki, one of Hungary's biggest exporters, lowered its 2008 production forecast to 282,000 units from an earlier target of 300,000 and expects to produce 210,000 cars next year, spokeswoman Viktoria Ruska told Reuters. "We are facing a drastic drop in orders and ...

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