EMCC European Monitoring Centre on Change

Malèv GH

Company/Organisation:
Malèv GH

Geographic Location

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

Company

Sector: Transportation / storage
Transportation and storage
52.23 - Service activities incidental to air transportation
Number Employed: 430

Employment Effects

Announcement Date: 21-03-2020
Planned Job Reductions min: 65
Planned Job Reductions max: 65
Type of Restructuring: Internal restructuring
Employment Effect Start: 21-03-2020
Foreseen End Date: 21-03-2020
Direct Dismissals: 65

Additional Information

The Budapest airport service firm Malév GH confirmed that the company is dismissing 65 employees or 15% of its total workforce in March 2020. According to the company's representative, this measure is a response to the drastic reduction in the number of flights due to the outbreak of COVID-19 epidemic and global travel restrictions. The restructuring will impact probationary employees, agency and student workers.

The state-owned company expects to lay off further employees involved in passenger and ramp services from 1 April 2020. Currently, there is no official information about this resolution.

Earlier this month, the press suggested a much more drastic workforce cut, which has been denied by the company. 

Sources: