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Tesco Hungary sheds 500 after internal restructuring

Deals

Around 500 employees are leaving their positions at the Hungarian unit of Tesco following a restructuring of the business in the spring, daily Magyar Idők reported today, according to Hungarian news agency MTI. 

The workers are leaving the company after Tesco offered them new positions with reduced pay and greater responsibilities, the paper reported, citing sources within the retailer.

When Tesco initially announced the internal restructuring plan earlier in the year, it promised to offer affected employees acceptable pay and different jobs, the paper noted. 

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