Ford expands SSC capacity in Hungary
Ford Motor company on Wednesday announced the establishment of Ford Business Solutions Europe in Budapest, according to a report by state news wire MTI.
Ford said several existing financial, planning, sales, marketing and HR functions, serving both Ford's European business and some global activities, had been transferred to Ford Business Solutions.
The company has expanded its shared service center operations in Hungary over the past 10 years and now employs 624 highly qualified professionals in a wide range of areas, the company added.
Ford noted that it has 40 suppliers in Hungary, while it controls over 9% of the local market for passenger vehicles and has 32% share in the commercial vehicle segment.
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.