Labor shortage withholding company growth
Labor shortages are affecting growth in several sectors in Hungary. Construction could fuel growth in the steel industry, for example, but the lack of qualified workers is a drawback.
In an interview with business daily Világgazdaság, Róbert Móger, president of the Hungarian Iron and Steel Association, noted that demand for steel in Hungary is 2.7 million tons annually. While the steel factories in Dunaújváros and Ózd could produce at least 2 million tons annually, four-fifths of Hungarian needs are imported due to Chinese dumping prices, he added.
The association welcomes the governmentʼs steel industry strategy, including support in preparing qualified personnel for the sector, Móger said.
Elsewhere, meanwhile, the home food delivery market of HUF 20 billion is stagnating. Tamás Bondor, marketing director at Teletál Kft., told Világgazdaság that the company is paying special attention to keeping and motivating employees, given the acute labor shortage on the market.
Other players questioned by Világgazdaság, such as Cityfood, Food Express, and Gastroyal, did not respond to inquiries on challenges and future plans.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
