EMCC European Monitoring Centre on Change

Waberer’s International

Company/Organisation:
Waberer’s International

Geographic Location

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

Company

Sector: Transportation / storage
Transportation and storage
49.41 - Freight transport by road
Number Employed: 4000
Group: Waberer’s International

Employment Effects

Announcement Date: 26-03-2014
Type of Restructuring: Business expansion
Foreseen End Date: 26-03-2014
Planned Job Creation: 600

Additional Information

Waberer's International has announced the hiring of 600 additional truck drivers in the Budapest region. This is additional to a previous job expansion initiative announced by the company a month before.

The company relocated its transport activities from foreign subsidiaries and invested in 500 new vehicles. The investment amounts to HUF 18 billion (€58 million), including the sum for a previous investment into 160 trucks (creating 100 new jobs), that was announced on 20 February 2014.

Waberer's predecessor Volán Tefu has been established in 1948 and became one of the largest road freight transporters in the Central-Eastern-European region. The ERM reported previously on the creation of jobs at Waberer’s International, announced in 2012.