Magyar Posta: No layoffs planned

Telco

Hungarian state-owned postal company Magyar Posta is planning no layoffs despite the decrease in the use of postal services in Hungary, Hungarian business daily Napi Gazdaság reported today.

Magyar Posta expects to see a drop in revenue from letter delivery and postal check services, which will be handled via other sources, and it also foresees changes that will affect business activities in HR management. There is, however, no cause for layoffs based on information currently available, the paper said.

In the second quarter of the last year the company had a headcount of approximately 31,300, down by 1,000 as compared to the same period of the previous year, according to public records. Magyar Posta listed a revenue of HUF 191.2 bln in 2013.

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