US electronics Jabil Circuit to raise employment in Hungary by 1,000 people.

By bne IntelliNews July 22, 2010
US producer of electronic components Jabil Circuit plans to expand the workforce at its Hungarian plant by 1,000 over the next couple of months, the company announced. The payroll at its local facility in the city of Tiszaujvaros in the north-eastern part of the country will increase by around 16.5% to 7,000 workers. The company explained that new hiring is meant to meet the higher production needs, resulting from the growing number of new long-term orders, received last year or in the beginning of this year. The Hungarian branch of Jabil Circuit posted HUF 200bn (EUR 700mn) of revenue in 2009, accounting for 10% of the total revenues of the parent company.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335