EMCC European Monitoring Centre on Change

Médiaszolgáltatás-támogató és Vagyonkezelő Alap

Company/Organisation:
Médiaszolgáltatás-támogató és Vagyonkezelő Alap

Geographic Location

Country: Hungary
Region: Budapest; Kozep-Magyarorszag; Kozep-Magyarorszag

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
60.2 - Television programming and broadcasting activities

Employment Effects

Announcement Date: 23-11-2012
Planned Job Reductions min: 250
Planned Job Reductions max: 250
Type of Restructuring: Internal restructuring
Employment Effect Start: 22-12-2012
Direct Dismissals: 250

Additional Information

On 23 November 2012 MTVA, the public media holding group, announced the dismissal of 250 employees, effective on 22 December 2012.

The public television will cease operation in five regions and 40 radio stations country-wide, and the news network will be dismantled. Very few correspondents will be kept on in order to deliver news reports. In some counties MTVA intends to subcontract local radio and TV stations instead of producing their own programmes.