Two of Hungary’s biggest companies announced mass layoffs for this year and 2013. Communications giant Magyar Telekom (MT) will release 500 of its 7,500 employees. The firm has reached an agreement with trade unions on the dismissals and other cost-efficiency measures. According to the agreement, the majority of released workers are expected to leave by the end of 2012, but the announced figure does not include the employment termination of executives and retiring employees. In addition, organisational restructuring will take place as of 1 January 2013 and the employer contribution to the postponed pension fund will be reduced by 25%, as well. Oil corporate MOL announced that it plans to dismiss 700 of its more than 10,000 workers, representing 6-7 per cent of MOL's workforce, but the exact number depends on union consultations, which are set to begin mid-October.
English: http://www.budapesttimes.hu/2012/10/09/mt-mol-laying-off/
http://www.freehungary.hu/component/content/article/1-friss-hirek/1410-hungary ….
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.