Magyar Posta to Lay Off 1,200 People
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State-owned Hungarian postal company Magyar Posta on Tuesday announced a decision to lay off 1,200 people, according to a report by state news wire MTI.
Magyar Posta said its management was "forced to take the decision to preserve the company's stable operation in the current economic situation affected by sanctions".
The decision will not affect Magyar Posta's level of service, it added.
Magyar Posta is coordinating the placement of the laid-off workers with its contracted partners and is also cooperating with government organizations for employment policy to help them find new positions.
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