Tesco creates new jobs in Hungary

By James Knowles

- Last updated on GMT

Related tags Tesco Retailing Supermarket

Tesco-Global stores has announced that it will create more than 700
new jobs in Hungary as part of an expansion in the food retail
market, despite what it describes as a difficult market.

This is in addition to 1,500 new jobs already created by Tesco's this year, of which ten per cent are management positions. As part of a larger expansion within the market Tesco plans to increase it's workforce to 19,000 by the end of 2006.

"Our store opening program is on track, so far this year we have opened 10 new stores and 11 new petrol filling stations, bringing even better prices and choice to our customers,"​ said James McCann, CEO of Tesco-Global stores, Hungary.

Tesco's interimn results 2006/7 reveal that consumer confidence and sales had fallen as a result of increases in tax and VAT leaving shoppers with less to spend. By offering low prices Tesco's claim to have made overall sales progress despite the difficult climate.

"This autumn Tesco is celebrating its 12th birthday in Hungary. We are committed to further investment in Hungary and look forward to bringing Tesco stores to more communities,"​ said James McCann.

The food retailer has opened ten new stores this year including in new areas such as érd, ózd, and Mezõkövesd. The petrol filling station network has provided another area of growth, this year Tesco added another 11 petrol filling stations.

Tesco is Hungary's largest hypermarket retail chain and the second largest British investor in Hungary. The supermarket works with local suppliers including Aranynektár, Gilan, Foltin Globe or Bonbonetti.

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