Budapesti Koezlekedesi Vallalat

Type
Internal restructuring
Country
Hungary
Region
Közép-Magyarország; Budapest; Budapest
Location of affected unit(s)
Budapest
Sector
Transportation / Storage
49 - Land transport and transport via pipelines
49.3 - Other passenger land transport
49.31 - Scheduled passenger transport by road
900 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2014
Employment effect (start)
25 February 2014
Foreseen end date

Description

Budapest’s public transport company, Budapesti Közlekedési Vállalat (BKV), announced to cut 900 staff in its bus transportation services. This is more than the quarter of total staff in the bus sector.

From these 900 drivers, about 320 are to be taken over by country-wide coach service provider Volánbusz.

The measure is due to pressure to rationalize the local public transport system and a significant loss in capacities.

Sources

  • 25 February 2014: Népszabadság
  • 26 February 2014: Híradó

Citation

Eurofound (2014), Budapesti Koezlekedesi Vallalat, Internal restructuring in Hungary, factsheet number 76674, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76674.