The layoffs will affect almost 300 of Slovnaft’s 3,600 staff in the coming months, Molnár said. Administrative jobs will account for two-thirds of the total, he added. The layoffs are part of a restructuring necessary because of rising fuel prices and falling demand, he said. The layoffs will not affect investment plans, including the construction of a €204 million polyethylene plant. MOL announced on Friday that it would lay off 700 of its some 10,000 workers in Hungary.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
