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 Postal And Courier Activities 53.10 - Postal Activities Under Universal Service Obligation
150 jobs Number of planned job losses
Announcement Date
1 August 2024
Employment effect (start)
1 August 2024
Foreseen end date
Description
The Hungarian state postal services company, Magyar Posta, decided to close 90-100 of its local post offices, according to the postal workers' union. The company has not issued a statement about the downsizing and the union has no precise information about the number of post offices and employees affected.
Based on communications from employees, most of the affected offices are located in villages with populations less than 1,500 but at least one office in Budapest will also be closed.
Several days after the revelation by the postal workers' union, the communication department of the company responded to the inquiry by a newspaper. It confirmed that a cutback was underway but did not provide additional information about the number of employees involved in the layoff. The firm emphasises that the present number of local post offices significantly surpasses the legal requirement. To reduce costs, the company wants to expand its partner programme, under which local stores, bank branches and food service venues take over some basic postal services
Eurofound (2024), Magyar Posta, Internal restructuring in Hungary, factsheet number 201474, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201474.
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.
