The American Chamber of Commerce and PricewaterhouseCoopers together released a new Position Brief about electronics manufacturing industry that has become the strongest pillar of the Hungarian economy.
The electronics industry accounts for more than 32% of the country’s export and employs about 90,000, a recently issued position brief by the AmCham revealed.
AmCham’s Electronic business committee put together a list of recommendations to help to prepare for the future challenges of the industry. These guidelines include the strategic and institutional recognition of the electronics manufacturing industry, the introduction of labor code and social support legislation, harmonizing goals and curricula of educational institution, maintaining research and development activities.
“Electronics manufacturers have so many opportunities laying on their desks that we thought it was time to call the attention of the decision-makers to what should be done to make use of them,” Zoltán Király, managing director of Jabil Circuit Hungary said.
If the country can make itself attractive in terms of electronics investment, than it could be a breakout point in job creation, which is an area of special attention from the government’s side. If not, however, it won’t last long until production goes elsewhere.
“It‘s not about taking capacities from the Asian countries, as they will stay there. The real question is where the new capacities with the most added value go to,” said Király.
László Ábrahám of NI Hungary highlighted that the Hungarian electronics profession can be competitive if it can provide the quality, effectiveness and knowledge of its Western counterparts with lower costs, besides its geographical advantages.
However, when asked by the BBJ about workforce mobility, major manufacturers’ representatives agreed that it was still a key issue to improve. “We would like to work closer together with mobility organizing centers and other agencies that can help promote mobility at all levels,” Márk Hetényi of Flextronics added. (BBJ)