Internal restructuring
Kozep-Magyarorszag; Kozep-Magyarorszag; Budapest
Location of affected unit(s)
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

236 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2020
Employment effect (start)
21 September 2020
Foreseen end date


Budapest Airport Zrt., the company that is managing the Budapest Liszt Ferenc International Airport, has announced that it will lay off 236 employees due to the lasting detrimental effect of the COVID-19 pandemic on passenger turnover. 

In 2019, the number of passengers surpassed 16 million. After the initial shock of the spring lockdown in the wake of the outbreak of the epidemic, the expectation of a yearly turnover of 10 million passengers still seemed realistic, hence the company limited the size of the first layoff in the spring to 190. However, passengers remained reluctant to return, and the introduction of new travel restrictions in September dashed the management’s hope for a moderate rebound of turnover. Currently the firm expects up-to 5.5 million passengers this year.

The firm sought to defer the need for further layoffs by using the subsidy scheme for short-time work. However, the management deems inevitable this second round of layoffs.

In addition to downsizing the workforce, the company will drastically cut planned investments and will focus on the safe operation of the airport.


  • 21 September 2020: Budapest Airport (company press release) (www.bud.hu)
  • 21 September 2020: HVG (hvg.hu)


Eurofound (2020), Budapest Airport Zrt., Internal restructuring in Hungary, factsheet number 101913, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101913.