Lázár promises wage raises at MÁV, Magyar Posta
Salaries will be gradually raised at state-owned companies until 2019, Hungary’s Cabinet Chief János Lázár announced on Thursday, according to reports. This comes after Lázár announced layoffs in the sector last year in an attempt to reduce bureaucracy.
Speaking at his regular weekly press conference yesterday, the minister said that workers at state railway company MÁV will see raises of 13% this year, 12% in 2018, and 5% in 2019, while postal company Magyar Posta will follow suit with hikes of 14% this year, 12% in 2018, and 6% in 2019.
Lázár added that 100,000 employees of state-owned companies who currently earn less than the minimum wage will be bumped up to a higher pay grade that brings them to the threshold, Hungarian news agency MTI reported.
Apparently, this comes as another step in the government’s restructuring of the public sector. Last year the minister announced that the sector will see restructuring, with layoffs as well as the termination of some institutions, in order to reduce bureaucracy and improve efficiency.
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.