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

100 - 120 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2017
Employment effect (start)
20 February 2017
Foreseen end date

Description

Hungarian subsidiary of Norwegian telecommunications multinational Telenor is laying off about 100-120 of its more than 1000 employees in a restructuring plan aiming greater efficiency. Direct consumer relations jobs will not be affected, only technical and back office employees will be downsized. Telenor is accepting voluntary redundancies and promises higher compensation packages than those required by law. The company is also offering material help - smart phones, laptops, mobile internet plans - and trainings in support of those looking for new jobs.


Sources

  • 20 February 2017: vg.hu
  • 20 February 2017: Hirado.hu

Citation

Eurofound (2017), Telenor Hungary, Internal restructuring in Hungary, factsheet number 90367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90367.