Type
Internal restructuring
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Budapest
Location of affected unit(s)
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Postal And Courier Activities
53.1 - Postal activities under universal service obligation

875 jobs
Number of planned job losses
Job loss
Announcement Date
15 August 2013
Employment effect (start)
Foreseen end date
31 December 2013

Description

The Hungarian Post (Magyar Posta) announced that 875 jobs have been lost during the 1st quarter of 2013. The company hasn’t announced previously a restructuring plan, since the job reduction measures were implemented gradually in small numbers and by means of mutual agreements.

According to the sources since the beginning of 2013 when the liberazation of the postal services commenced, the company focuces on an effective, flexible and profitable operation.

For information on previous restructurings see Magyar Posta-2011 and Magyar Posta-2010.


Sources

  • 15 August 2013: atv
  • 15 August 2013: HVG
  • 15 August 2013: Hir24

Citation

Eurofound (2013), Magyar Posta, Internal restructuring in Hungary, factsheet number 75601, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75601.