SAP Hungary

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Budapest
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.2 - Computer consultancy and computer facilities management activities
62.20 - Computer consultancy and computer facilities management activities
250 jobs
Number of planned job creations
Job creation
Announcement Date
10 September 2018
Employment effect (start)
10 September 2018
Foreseen end date
31 December 2018

Description

SAP Hungary, the Hungarian subsidiary of German software corporation SAP SE, is to raise its workforce to 1,200 by the end of 2018, the subsidiary’s CEO said in 10 September. The number of employees was about 950 in early September.

SAP Hungary achieved record turnover in 2017, due to the ongoing expansion of the company’s client base, and further growth is expected for 2018. A growing number of Hungarian companies from various sectors hire SAP to develop their information systems and to introduce business intelligence tools, but a number of major public sector agents and universities have established long-term cooperation with the firm as well.

Citation

Eurofound (2018), SAP Hungary, Business expansion in Hungary, factsheet number 95453, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95453.