Type
Internal restructuring
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Budapest
Location of affected unit(s)
Budapest
Sector
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
Job loss
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. 


Sources

Citation

Eurofound (2020), Malèv GH, Internal restructuring in Hungary, factsheet number 100075, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100075.