Revenue of the unit accounted for 10% of the total for the group, Hetényi said. The unit had retained earnings of €17 million in the 2010/2011 business year, he added.
Hetényi attributed the rise in revenue to the further development of the parent company’s international network of business connections.
Flextronics’ headcount in Hungary rose by 47% in the last business year to almost 12,000. Between 15% and 20% of Flextronics’ workers are contracted laborers.
Flextronics has bases in the Hungarian cities of Sárvár, Tab and Zalaegerszeg as well as in Budapest. It came to Hungary in 1992.
Hetényi put down Flextronics’ success in Hungary to its flexible team of workers – especially important in today’s tight competition – and the country’s geographical location which puts the unit close to business partners.
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