Pénzügyminisztérium

Type
Internal restructuring
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Budapest
Sector
Public Administration / Defence
84 - Public administration and defence; compulsory social security
84 - Public administration and defence; compulsory social security
84 - Public administration and defence; compulsory social security
127 jobs
Number of planned job losses
Job loss
Announcement Date
23 June 2006
Employment effect (start)
1 July 2006
Foreseen end date

Description

127 employees out of 550 are being laid off at the Hungarian Ministry of Finance. The dismissals form part of streamlining the entire public administration system. The recently re-elected MSZP-SZDSZ coalition Government tries to reduce state expenditures and to restore the budgetary balance (‘austerity package’). All departments of the ministry are affected by the restructuring. Lay offs are coordinated by a 5-member body within the ministry.

Sources

  • 24 June 2006: undefined

Citation

Eurofound (2006), Pénzügyminisztérium, Internal restructuring in Hungary, factsheet number 63852, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63852.