EMCC European Monitoring Centre on Change

Vodafone Hungary

Company/Organisation:
Vodafone Hungary

Geographic Location

Country: Hungary
Region: Budapest; Kozep-Magyarorszag; Kozep-Magyarorszag
Location of affected unit(s): Budapest, Miskolc

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 450
Group: Vodafone

Employment Effects

Announcement Date: 01-04-2010
Type of Restructuring: Business expansion
Employment Effect Start: 01-04-2010
Foreseen End Date: 31-12-2010
Planned Job Creation: 350

Additional Information

Vodafone Hungary has announced that it will hire at least 350 new employees this fiscal year, as it
expands its financial and client service centres. The chief executive announced that 200 people will be hired for the global financial services centre for other Vodafone units, adding to the current number of 300 employees, while between 150 and 200 people will be hired for its client services centre in Hungary, which currently has 150 employees. Vodafone Hungary reported that it added 30,000 subscribers in the fiscal year ending 31 March 2010, despite a declining number of phone subscriptions across all networks. The mood at Vodafone Hungary is therefore upbeat in a difficult market.

Although mobile penetration is around 117% in the country, so further subscriber uptake might be unlikely, the operator will be confident of continued growth in the mobile Internet sector in which it has fared well since launching services over five years ago.