A further 160 employees are expected to leave the company as a result of a number of discontinued corporate projects, MTel said.
MTel estimated severance pay for staff made redundant would reach HUF 2.8 billion, most of which will be accounted in Q4 2017.
Salaries will rise by an average 5% from the start of next year under the agreement, MTel said.
The net effect of the measures is expected to keep payroll costs flat in 2018, the telco added.
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