Following a decision by the Minister for National Economy, Apollo Tyres Ltd. will receive a job-creation training subsidy of HUF 606 million.

The company is to spend the amount on providing vocational training in tyre manufacturing between May 2015 and December 2019. As a precondition for the subsidy, the company has undertaken to employ at least 70 per cent of those participating in the training programme for at least 18 months following training courses.

Apollo Tyres has already started recruiting, so far the company has offered apprenticeships to 250 students in their final year of education, and contracts have already been signed with 90 technicians. According to current plans, from 1 May onwards young employees will participate first in two-month theory and language courses, and then will receive four-month practical training courses at Apollo’s factories in India and the Netherlands. Their first task upon returning will be to install and commission equipment at the production plant in Gyöngyöshalász. With this new investment the company is providing major support to the training of Hungary’s labour force and to the dual education system of the Eastern Hungary region.

Thanks to this HUF 146 bn. green-field investment, 975 new jobs will be created and one million tyres will be manufactured annually. Apollo Tyres Ltd. was founded in 1972, it employs sixteen thousand people, it is the number one tyre manufacturing company in India, and currently number sixteen on the global market. The company is present in India, Africa and Europe, with six factories exporting its products to over one hundred countries.

(Ministry for National Economy)