More Hungarian employers to make layoffs than new hires - Manpower

Analysis

About 22% of Hungarian companies plan layoffs in the first quarter of 2012, while just 8% plan new hires, the latest survey by staffing company Manpower shows.

The 14 percentage point difference between the two figures is the widest gap ever, showing employers are the most pessimistic since Q3 2009, Manpower Magyarorszag managing director Judit Kiss said at a press conference on Tuesday.

The representative survey of 750 employers shows 65% of employers plan no changes to headcount in Q1 2012.

Ms Kiss said the outlook for Hungary’s labour market had deteriorated by 15 percentage points compared to both the previous quarter and the same period a year earlier. The outlook is the second-most pessimistic in Europe, after Greece, she added.

The largest proportion of companies that plan layoffs are in the construction industry, said Manpower marketing director Katalin Szekeres. One-third of a hundred companies surveyed in the sector plan lay-offs in Q1 2012 and just 6% plan to make new hires, she added.

ADVERTISEMENT

Czech economic confidence weakens in July Analysis

Czech economic confidence weakens in July

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.