Fornetti raises salaries again
As of May 1, bakery company Fornetti Kft. will raise salaries by 10-15% on average. This is the fourth salary raise within two years, the company said in a press release sent to the Budapest Business Journal.
With the recent salary raises, Fornetti has spent some HUF 500 million more on employees, all 800 of whom have benefited from the increases, the press release says.
Since management was taken over by the new owner, Swiss-based Aryzta AG, the company has been concentrating on salary development. The last raise was announced in 2016, an increase of 10%. In addition, the difference from lowered social contributions was also redirected to wage increases.
As a result, monthly salaries rose by HUF 8,000 gross last year and an additional HUF 10,000 this year at Fornetti, the company said.
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.