Budapest Airport

Type
Internal restructuring
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Budapest
Sector
Transportation / Storage
52 - Warehousing, storage and support activities for transportation
52.2 - Support activities for transportation
52.23 - Service activities incidental to air transportation
250 jobs
Number of planned job losses
Job loss
Announcement Date
15 February 2012
Employment effect (start)
15 February 2012
Foreseen end date

Description

Budapest Airport has notified the authorities about the dismissal of 250 employees in the next months following the closure of the MALÉV operations. The redundancies account for 20 to 25 % of the entire workforce at Budapest Airport.

The bankruptcy of the airline MALÉV affects the workload of Budapest Airport, which is reported to make an internal restructuring necessary. The airport lost some 1.5mn transit passengers carried by Malev previously. The company will freeze all investment and development plans for an indefinite timeframe.

The company has started consultations with the trade union right after the announcement and assured the provision of a support program for the affected employees.

Sources

  • 15 February 2012: HR Portal
  • 15 February 2012: Napi Online

Citation

Eurofound (2012), Budapest Airport, Internal restructuring in Hungary, factsheet number 73099, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73099.