New Thyssenkrupp Automotive engineering office in Szeged

Thyssenkrupp Automotive Technology Hungary Kft. is opening an engineering office for the development of electromechanical steering systems.

The company’s electrical and electronics development center in Budapest and Veszprém employs 1,200 engineers. In the next three years, the company now aims to recruit several hundred engineers. This proves that Thyssenkrupp is a strategic investor with long-term goals in Hungary, HR manager Dóra Tagai said. 

István Joó, CEO of the National Investment Promotion Agency (HIPA), said that since 2015 Thyssenkrupp has invested around HUF 150 billion in Hungary with the financial support of the government, making it a key player in the automotive industry, which is the backbone of the Hungarian economy. The company is one of the 100 largest employers and 50 largest exporters in Hungary, and is included in the list of the most popular places to work.

Thyssenkrupp continues to expand its R&D activities in Hungary, hiring 65 new professionals in several locations for jobs requiring high engineering skills. The investment will cost more than HUF 1.8 billion, to which the government will contribute HUF 460 million in non-refundable grants, Jóo said.

Thyssenkrupp’s investment will further strengthen Hungarian-German economic relations, he said, adding that in 2020, capital investment from Germany hit EUR 17.5 billion, more than a fifth of total foreign investment. 

Thyssenkrupp Automotive Technology, part of the Thyssenkrupp heavy industry and engineering group, is one of the world’s leading automotive suppliers. The company has been present in Hungary since 1999 and currently employs around 2,700 people.

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