IBM invests more in Hungary and creates 410 more jobs

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Hungary – The computer giant US company IBM will invest 3.2 billion HUF (app. € 10.2 million) to expand its IT service in Central Hungary creating 410 more jobs.

The Hungarian government will support the investment with a 1.1 billion HUF (app. € 3.5 million) grant, Péter Szijjártó, minister of Foreign Affairs and Trade, has confirmed.

IBM will provide IT, procurement, laboratory and education services at the base to more than 300 western European companies, and 40 percent of the new workforce will be highly qualified employees.

There are more than 600 US companies operating in Hungary, employing more than 100,000 people, Szijjártó said.

The combined value of their investments in the country is more than 9 billion dollars, he added.

Source : About Hungary

1 Comment

  1. Wow 410, pathetic. If the government actually got out of the way with their over-regulation and micro-management of local businesses there would be 410 new jobs every week.

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