The segment struck by redundancy the most is savings cooperatives, which is under reorganization and tighter government control. The number of savings cooperatives employees fell 580 this year alone, to under 7,000.
Large banks operating in Hungary jointly employed approximately 25,200 people in Q3, down 560 from the end of last year. Headcount in the segment dropped 6.5% from five years earlier, the paper said.
At the same time, headcount increased steadily at small and medium-sized banks and specialized credit institutions.
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