Ford opens new service center in Budapest
U.S. carmaker Ford opened a regional service center in Budapest last Friday. The new Budapest SSC is Fordʼs biggest European administrative center, Minister of Foreign Affairs and Trade Péter Szijjártó noted at the opening.
In addition to several pricing and production planning functions serving all European markets, the center will provide HR services to Ford units in Europe, the Middle East and Africa, Szijjártó said. By the end of next year, Ford will have 700 employees in Hungary, mainly highly-qualified young professionals speaking foreign languages, the minister added.
Szijjártó was cited by government website kormany.hu as saying that the palette of Hungary’s automotive industry will now be complete thanks to the fact that, in addition to production and R&D, a large automotive brand has also brought its administrative and financial service center to Hungary.
The automotive industry is setting the pace in global competition, said the minister, adding that this is good news for Hungary as the automotive industry represents the backbone of the Hungarian economy, and adding that the production value of the Hungarian automotive industry increased by 8% year-on-year, following last year’s record figure.
Ford Regional Director Viktor Molnár said the company now operates at three bases in Hungary. Over the past five years, Ford has brought more and more European and global functions to Hungary, namely the companyʼs European financial, pricing, production planning, product management, marketing and controlling tasks, and several global functions, he added.
The headcount at Fordʼs Hungarian units has tripled over the past five years and is expected to grow to almost 600 by the end of this year, Molnár noted.
Fordʼs supplier network in Hungary is continuously expanding and had turnover of HUF 580 billion last year, employing a total of more than 69,000 workers.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
