Economy

German Engineering Giant BOSCH Expands Services In Northeast Hungary

German engineering giant Bosch has wound up a 1.6 billion forint (EUR 5.23m) project to establish a shared services centre at its power tools plant in Miskolc, in north-eastern Hungary, Robert Bosch Power Tool Kft managing director László Fükő said.

Foreign Minister Péter Szijjártó said the Hungarian government is providing Robert Bosch Power Tools with a 358 million forint grant for the investment, which the company promised would create 205 workplaces. Fükő said the service centre had been operating since last autumn and now employs 260 people, more than initially expected. The cooperation agreement with the government has been finalised and the company will use the grant money to cover payroll costs, he added.

The Bosch group employs 14,200 people in Hungary.

via: hungarymatters.hu

photos: bosch-career.hu; 444.hu