CEO says Asia may be key to construction labor shortage



The construction sector in Hungary is short of about 30,000 workers, and those positions can only be filled with a labor force from abroad. Ukrainians are already recruited by Western companies, so Hungary must look elsewhere, according to a leading CEO interviewed by business daily Világgazdaság.

In recent years, prices in the construction sector have grown, wages have stagnated, and companies are not spending on investments,  Sándor Scheer, CEO of construction company Market Építő Zrt., said in the interview with Világgazdaság.

Although subcontractors receive a fair amount of pay, the money does not reach employees, who still receive minimum wages: as a result, they are leaving the country en masse to seek better pay abroad. Greed also causes serious problems, Scheer added.

Western Europe has already employed skilled workers from Eastern countries, so there are no more resources there to ease the labor shortage, the CEO observed. Inviting Chinese, Vietnamese, Indonesian or Pakistani guest workers could become a "realistic option" within just 3-5 years, Scheer suggested.

Market Zrt., which has a staff of 827, including 237 engineers, is working on 42 projects at present. This year, it targets revenue of more than HUF 106 billion.


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


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.