Chapter 8 HungaryAn American Transnational MNC in Hungary: Past, Present, and Future of HRM Evolution
József Poór, Katalin Szabó, Katalin Balog, Zsolt Barna, and Tamás Hámori
Case Synopsis
First, we present the key socio-economic characteristics of the Hungarian economy and labor market. Next, we review the place and role of FDI (foreign direct investment) in the Hungarian economy. The first acquisition and European investment of General Electric (GE) was Tungsram in Hungary in 1990. It was a challenge for both parties: Tungsram’s organization, production, and stock capacity and portfolio had to be coordinated with the interests of the company. In the following, we review the three most important development ...
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