PM announces ministry layoffs
Staff cuts of over 20% are planned for Hungary's ministries this year as part of a general overhaul of state administration, Prime Minister Ferenc Gyurcsány said on Wednesday.
Further personnel cuts of around 10% will be made next year, he said. The central state administration has around 7,500 employees and this will be cut by around 1,400 by the end of the year.
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.