Type
Internal restructuring
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Budapest
Location of affected unit(s)
Budapest
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

500 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2012
Employment effect (start)
Foreseen end date

Description

Magyar Telekom is to make redundant 500 employees. Most of them will leave the company by the end of 2012, and the rest in 2013. This measure is part of a greater cost efficiency programme announced by the management.

As a result of the negotiations with the social partners, the company intends to increase the salaries of the remaining employees by 4 % as of 1 April 2013.


Sources

  • 1 October 2012: HR Portal
  • 1 October 2012: MenedzserF├│rum
  • 1 October 2012: Portfolio

Citation

Eurofound (2012), Magyar Telekom, Internal restructuring in Hungary, factsheet number 74213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74213.