About 26% of Hungarian Companies Plan Layoffs – BBJ – Budapest Business Journal

MTI – Econews
Tuesday, Sep 13, 2022, 12:30
Photo by Andrey_Popov / Shutterstock.com
Around 26% of Hungarian companies plan layoffs in the last quarter of this year, news agency MTI reports, citing a representative survey by staffing company ManpowerGroup.
The survey shows half of domestic companies plan no changes to headcount but only 20% intend to make new hires.
This means layoffs could exceed new hires for the first time since the outbreak of the pandemic. 
ManpowerGroup noted that layoffs are mainly expected in the capital and western Hungary. Headcount is only expected to expand in manufacturing, it could remain unchanged in banking, insurance, and the real estate sector, and is expected to decline in raw material production, IT, technology, telecommunication, communication, and the media.
The outlook is also negative for tourism, with 39% of hotels and restaurants planning lay-offs, the survey revealed.
ADVERTISEMENT
Masterplast Signs Option to Purchase T-Cell Plasztik
Horthy Statue to be Unveiled in Parliament
New Director of Sales at Matild Palace
Budapest Parking Fees Raised
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
ADVERTISEMENT
People
Employers Apply for HUF 3 bln in Job Placement Subs
Business People | Sep 14, 2022, 11:30
Teachers' Unions Planning Ongoing Protests
Business People | Sep 13, 2022, 09:00
Czech Jobless Rate Unexpectedly Ticks up in August
Business People | Sep 12, 2022, 12:25
ADVERTISEMENT
Top Stories
Masterplast Signs Option to Purchase T-Cell Plasztik
Economy Statistics | Sep 14, 2022, 16:00
Hungary Tightens Abortion Rules
Politics Domestic | Sep 14, 2022, 16:10
Banking Sector Forint Liquidity Increases in August
Economy Finance | Sep 14, 2022, 15:00
Podcasts
The Business of Art – Valuations and NFTs: Claudia Worthington Hess, Principal at Hess Art Advisory Discusses How to Value a Painting by Georgia O’Keeffe and the Impact of Tech-driven NFTs
Aug 30, 2022, 15:30
MNB and BIB exec director Gergely Fábián discusses leadership, creativity, fintech, and his career path
Jul 22, 2022, 12:05
BBJ Roundtable on the economic picture, prospects for Hungary with GoTo and LastPass managing director John Ford, KPMG CEO Rezső Rózsai, and global leader of delivery quality and transformation cloud services at T-Systems International Erik Slooten
Jul 18, 2022, 22:00
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
© 2022 Business Publishing Services Kft. or its affiliated companies. All rights reserved.

source

Leave a Reply

Your email address will not be published.