Internal restructuring
Location of affected unit(s)
Information / Communication
Information Communication Services
61 - Telecommunications

250 jobs
Number of planned job losses
Job loss
270 jobs
Number of planned job creations
Job creation
Announcement Date
18 October 2013
Employment effect (start)
31 December 2014
Foreseen end date


Magyar Telekom is to reduce its workforce by 250 and create 270 job positions until the end of 2014.

The company has agreed on the redundancies with labor representatives. According to the plan, most of the dismissals are to be made by the end of 2013. Additionally, to avoid further dismissals, there are no wage increases planned in 2013. With this initiative, the management intends to keep costs for staff at the 2012 level.

The creation of 270 jobs is planned until the end of 2014 and will supplement the company in the area of new technologies.

Magyar Telekom employs about 7,000 staff in the country. In 2012, the company had announced a job reduction measure affecting 500 staff.


  • 18 October 2013: Világ Gazdaság
  • 21 October 2013: Bitport
  • 18 October 2013: index.hu
  • 18 October 2013: Magyar Telekom (press release)


Eurofound (2013), Magyar Telekom, Internal restructuring in Hungary, factsheet number 76074, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76074.