“The drop in revenue resulting from the Sunday ban on large retailers to come in force in mid-March is expected to even out or at least partially be recovered during the rest of the week” Ducoux said, adding that “the company is still interpreting the new regulations and will make every effort to maintain all current jobs”.
Currently Auchan employs approximately 7,000 people in Hungary including 360 disabled employees, according to the company. Some 1,350 of the 1,500 suppliers are Hungarian, Auchan says.
British chain Tesco announced earlier that, in the wake of changes in Hungarian regulations, it is closing 13 shops. Tesco said this move would threaten the employment of some 500 people but some of them will be offered other employment. The government has said that the Tesco layoffs are not due to the new law, but rather internal problems at Tesco.
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