Penny Market to Raise Wages by 17%

HR

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German-owned discount supermarket chain Penny Market will raise wages by 17% on average from April 1, the company said on Monday., according to news agency MTI.

Penny Market communications director Eszter Kazatsay told MTI payroll costs will rise by HUF 3.6 billion as a result.

The company employs close to 5,000 people at 228 stores and three warehouses in Hungary. It is plowing EUR 35 million into store upgrades this year.

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