Budapest transport company to lay off 111


LaMography/Moni Lazar

Budapest transport company BKV is planning to lay off 111 of its employees as of the beginning of next year, Hungarian online daily reported today, though no official announcement has been made on the matter by BKV.

According to, BKV CEO Tibor Bolla announced the layoffs at a committee meeting today. Bolla noted that layoffs have been included in the business plan for this year.

Although four of the positions to be made redundant include the directorate of operations, the majority, 97 positions, are from the maintenance departments, said.

According to the daily, Bolla said that the layoffs are needed as there has been a drop in performance on bus lines. However, Gábor Nemes, President of Trade Union for Unified Transportation, warned that although performance may have decreased, when renovations are launched on Metro line 3, performance will grow three-fold. Nemes added that BKV is buying 185 new buses, and with the arrival of the cold season, maintenance works will soon increase.


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


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.