Magyar Telekom will pay HUF 3 billion to employees to help cover higher living costs, to be booked in Q3 2022. From January 1, 2023, salary increases will add HUF 4.2 bln to payroll costs.
The company said it will not start a headcount reduction program but has put in place a voluntary scheme "with a limited scope".
The deal impacts employees at Magyar Telekom and T-Systems Hungary.
Magyar Telekom's payroll costs reached HUF 75.9 bln last year.
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