The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.23 - Service activities incidental to air transportation
65 jobs Number of planned job losses
Announcement Date
21 March 2020
Employment effect (start)
21 March 2020
Foreseen end date
21 March 2020
Description
The Budapest airport service firm Malév GH confirmed that the company is dismissing 65 employees or 15% of its total workforce in March 2020. According to the company's representative, this measure is a response to the drastic reduction in the number of flights due to the outbreak of COVID-19 epidemic and global travel restrictions. The restructuring will impact probationary employees, agency and student workers.
The state-owned company expects to lay off further employees involved in passenger and ramp services from 1 April 2020. Currently, there is no official information about this resolution.
Earlier this month, the press suggested a much more drastic workforce cut, which has been denied by the company.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
