Hungary -Jobs in retail threatened -January 22, 2015

Tesco, one of the largest employers in retail, announced that a new law stripping loss-making grocery stores of their operating permits after two consecutive years of trading in the red may result in an additional 33 store closures.

Tesco, one of the largest employers in retail, announced that a new law stripping loss-making grocery stores of their operating permits after two consecutive years of trading in the red may result in an additional 33 store closures. The company stated that it would provide the workers it is laying off with higher severance pay than required by the law. The Association of Entrepreneurs and Employers, and trade union Liga have warned that the legislation could result in as many as 30,000 job losses.

English: http://budapestbeacon.com/economics/hungarys-illiberal-democracy-may-result ...  


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.


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