EMCC European Monitoring Centre on Change

Magyar Posta

Magyar Posta

Geographic Location

Country: Hungary
Region: Budapest; Kozep-Magyarorszag; Kozep-Magyarorszag
Location of affected unit(s): Budapest


Sector: Transportation / storage
Transportation and storage
53 - Postal and courier activities
Number Employed: 28684

Employment Effects

Announcement Date: 26-11-2019
Planned Job Reductions min: 110
Planned Job Reductions max: 110
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-12-2019
Foreseen End Date: 30-03-2020
Direct Dismissals: 110

Additional Information

The Hungarian national mail company Magyar Posta announced that it will cut 110 jobs in Budapest, mainly in the administrative and management departments. The firm says the dismissals will not involve areas affected by severe labour shortage, like post delivery staff, logistics staff or local post office workers.

The redundancy is another step within the firm’s ongoing bureaucracy reduction programme, after a number of earlier rounds of dismissals, the last in February 2019. As in the earlier rounds, the firm has initiated consultation with the company council to reach an agreement on redundancy payments.

The president of Postman Trade Union, on the other hand, said that they will try to ensure that Magyar Posta offers new posititions to the dismissed employees in departments affected by labour shortage. In early October, the union warned that at least 300 deliverer, office worker and driver positions cannot be filled, due to unattractive wage levels. But even the implementation of the last wage raise early in last spring caused financial difficulties to the mail company, forcing it to initiate the sale of many of its properties, including its resort houses.