Elcoteq adds 2,500 staff at Hungarian unit in 2006

Retail

Elcoteq, a Finnish electronics manufacturing services company, has added 2,500 staff at its unit in Hungary this year, bringing the total number to 7,500, communications director of Elcoteq Hungary Kft Zoltán Krippl said on Thursday.

Elcoteq expanded its staff because of a €54 million investment being carried out between 2004 and 2008 and because of increasing demand for its products, Krippl said. He added that the company has had difficulty finding highly qualified staff, especially technical personnel. For this reason it started offering internet challenges to engineering students last year. The best performers on the tasks will be offered internships and could also be hired, he said.
Elcoteq has four factories in three cities in Hungary. The Finnish company employs 25,000 people in 16 countries around the world. Elcoteq's Hungarian unit has produced electronic products and communications equipment at its base in Pécs, southwest Hungary since 1998. In 2005, Elcoteq transformed into a Societas Europaea and moved its European headquarters to Budapest.

ADVERTISEMENT

Technical Recession Ends, KSH Confirms Analysis

Technical Recession Ends, KSH Confirms

India's G20 Presidency, Dawn of New Multilateralism - Narend... World

India's G20 Presidency, Dawn of New Multilateralism - Narend...

Production Resumes at Ganz's Szolnok Plant Manufacturing

Production Resumes at Ganz's Szolnok Plant

TikTok Commits to Improved Consumer Communication in Hungary Social

TikTok Commits to Improved Consumer Communication in Hungary

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.