French Pharmaceutical Giant Expands Budapest Service Center, Creating 500 New Jobs

The expansion of the Budapest service center of French pharmaceutical company Sanofi will create 500 new jobs, announced Péter Szijjártó, Minister of Foreign Affairs and Trade, on Thursday in Budapest.

At the handover ceremony of Sanofi’s expanded global service center, the Minister pointed out that the French pharmaceutical company had doubled the size of the facility, which would create many new jobs by the end of the year, bringing the total number of employees to 2,200.

Péter Szijjártó said he was delighted that the Budapest center will now play a significant role in clinical trials and process automation, as well as data analysis, in addition to financial, customer service, and human resources management issues.

In his speech, he emphasized that Hungary has recently become one of Europe’s main production centers, but the time has come for the economy to change dimensions, so the government has set a goal of encouraging higher value-added investments and creating jobs that require high qualifications.

According to him, service centers create the largest number of such jobs, so it is a great success that their number is constantly growing in the country.

This is largely due to the fact that companies already operating in Hungary are also bringing their service functions here, building on the positive experience they have gained in manufacturing,”

he said.

He then announced that over the past ten years, the state has provided HUF 20 billion (approximately EUR 51 million) in support for 116 such investments, which have created more than 22,000 new jobs. He also welcomed the fact that the complexity and quality of the tasks performed in service centers are also increasing.

The employees, 80 percent of whom have higher education degrees and an average age of 34.5, are performing increasingly diverse tasks that require higher levels of education. And we are talking about 75-85 percent Hungarian citizens,”

he pointed out, adding that a quarter of these service centers are already operating in rural towns.

Szijjártó also touched on the crises of recent years, which have left Europe in a weaker position than before. “When we need to formulate and, above all, implement an economic strategy here in Hungary, we must set ourselves the goal of maintaining the strength of the Hungarian economy even in such a downward-trending European economic environment,” he said.

I can proudly tell you that the Hungarian economy has grown significantly stronger over the past decade and a half. Here in Hungary, industrial production has doubled in ten years. We have broken investment records year after year, and one million new jobs have been created in ten years,”

he said.

Finally, he explained that cooperation between Hungary and France has always been based on mutual respect, with French companies forming the fifth largest investor community in the country, with the government supporting investments by sixty French companies over the past ten years, representing a total value of approximately HUF 430 billion (around EUR 1.1 billion).

Via MTI; Featured photo: Facebook/Szijjártó Péter 

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