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Bosch to invest HUF 6 bln in Hungary SSC

Innovation

German engineering giant Bosch will set up a HUF 6 billion shared services center in Vecsés, on the outskirts of the capital, Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday, according to a report by state news wire MTI.

The government is supporting the investment, which will create 225 jobs, with a HUF 2.1 bln grant, Szijjártó said.

The SSC will provide HR services for Bosch units in five countries in the region, he added.

Szijjártó noted that 131 SSCs operate in Hungary, employing 64,000 people. About 81% of those SSC staff have a college or university degree, he added.

András Somogyi, the country HR director for Bosch, said Hungary is a partner and investment target of strategic importance for Bosch. Bosch group employs some 15,000 people in Hungary, he added.

Somogyi said continuous development can only be sustained in a predictable business environment, which is why Bosch picked Hungary for the regional SSC. 

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