The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
200 jobs Number of planned job creations
Announcement Date
17 August 2006
Employment effect (start)
Foreseen end date
Description
Spar Hungary, active in wholesale and retail trade in the country and operating supermarkets and hypermarkets in Hungary, signed an agreement with the Ministry of Labour on hiring 200 dismissed government employees. The job offer responds to the wide-ranging project of the re-elected MSZP-SZDSZ (Hungarian Socialist Party - Alliance of Free Democrats) coalition government to streamline the entire public administration system, which forms part of the efforts of the government to reduce state expenditures and to restore budgetary balance (‘austerity package’). All ministries have been affected by the reorganisation, as a result of which one third of the 7,300-7,500 strong workforce of ministries and related institutions are expected to be laid off in the next two years (in average 200-220 employees per ministry).
Sources
17 August 2006: Budapest Business Journal
25 August 2006: Budapest Business Journal
Citation
Eurofound (2006), Spar Magyarország, Other in Hungary, factsheet number 64718, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64718.
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