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Bosch to make more than a thousand new hires in Hungary

German automotive industry supplier Bosch is building a production hall at its base in Miskolc (NE Hungary) that will create more than a thousand jobs, Klaus Leopold, managing director of Bosch's Hungarian unit, said at a press conference in Budapest on Wednesday.

Among the new hires will be 80 engineers, said Leopold. Currently, the unit, called Robert Bosch Energy and Body Systems, employs more than 1,400 people to make starters, drive shafts and windshield washer systems.

Construction of the plant will start in May and is expected to be finished in the spring of 2011.

Bosch will create a further, more than 400 jobs as its moves capacity from Wales to its bases in Miskolc and the Hungarian city of Hatvan. Production of generators for luxury cars will be moved from Bosch's plant in Cardiff.

Bosch's eleven units in Hungary had consolidated revenue of €389 million in 2009, up from €202 million in 2008. Including revenue of external suppliers, however, turnover fell 18% to €1.122 billion, said Thomas Beyer, who heads the Bosch group in Hungary.

Bosch employed some 6,000 people at its bases in Miskolc, Budapest, Eger and Hatvan at the end of 2009, down from 7,250 a year earlier. Because of developments, headcount could rise again to 7,000 by the end of 210, Beyer said.

Bosch spent HUF 14 billion on investments in Hungary last year. It spent HUF 10 billion on R&D.

By 2012, Bosch will have spent HUF 9 billion on investments at its five-year-old Budapest Development Centre. The centre will hire a further 200 engineers as a result. (MTI-ECONEWS)