GE opens service center in Hungary

“Hungary's primary appeal is its well-trained workforce,” Ferdinando Beccalli-Falco, President and CEO of GE Europe pointed out as his company opened a Global Operations Center in Budapest. The opening was also attended by the Hungarian Prime Minister.

The CEO reminded that General Electric has a 25-year history in Hungary where it employs 12,500 people. He added that GE plans to continue to invest in the region.

PM Viktor Orbán was of the view that only innovative policies can lead Hungary out of the crisis. The Prime Minister called cooperation between GE and Hungary a success story which is helped significantly by talent, commitment and dedication of the company's Hungarian employees.

GE is the largest US investor in Hungary, employing more than 13,000 people. In 2012, GE had 2,000 Hungarian suppliers, which accounted for 65% of all its suppliers.

The new service center will create 1,300 new jobs over the next few years. It will use cutting-edge technology to offer integrated business services to GE divisions both in Europe and outside the continent. Jörg Bauer, Managing Director of GE Hungary, confirmed that the new center has already signed on the first 200 people to its staff.

GE has been present in Hungary since the end of 1989, when it purchased a majority stake in light bulb manufacturer Tungsram; since then, it has expanded all its divisions in Hungary. It operates 12 factories in Hungary as well as three regional business centers and three R&D units.