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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53 - Postal and courier activities
300 jobs Number of planned job losses
Announcement Date
18 February 2019
Employment effect (start)
1 March 2019
Foreseen end date
31 May 2019
Description
The Hungarian national mail company Magyar Posta announced that it will cut about 300 jobs during the spring, mainly in Budapest and mainly in the administrative and management fields. The redundancy is another step within the firm’s ongoing bureaucracy reduction programme, after an earlier round of dismissals in the second half of 2018.
The firm conducted prior consultations with the company council about the dismissal, and an agreement was reached on redundancy payments.
As officials emphasise, cost efficient operation is cardinal at Magyar Posta because the company, as a universal service provider and a leader on the Hungarian logistics market, cannot easily obtain state support, according to EU regulations.
Simultaneously with the ongoing bureaucracy reduction efforts, there are areas in the operation of the firm where chronic labour shortage exists. Especially deliverers and local post office workers are in short supply throughout the country, hence hundreds of vacancy notices can be continuously found on the company homepage.
The average gross wage of the deliverers is HUF 193,000 (€ 612.24), but the average level of salaries at the company is much higher, it exceeds HUF 250,000 (€ 793.07). Wage negotiations are continuing at the company, where unions want a wage raise of at least two-digit percentage for 2019, instead of the previously approved 6 percent wage increase.
Eurofound (2019), Magyar Posta Zrt., Internal restructuring in Hungary, factsheet number 97185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97185.
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