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About one-eighth of Hungarian employers plan layoffs in Q4 2010

Slightly more than one out of eight Hungarian employers plans to cut staff in the last quarter of 2010, according to a survey by global staffing-company Manpower. The ratio of those planning new hires was similar and both ratios rose from Q3.

While 13% of the 750 employers surveyed by Manpower said they would reduce staff in Q4, an equal 13% said they would hire new employees during the period, Manpower Magyarország chief Judit Kiss said.

The share of respondents planning staff reductions in Q3 was 4% and the ratio of those planning new hires was 7%. The respective ratios were 14% and 10% in Q4 2009.

More than 70% of employers said they would neither hire nor lay off employees in the final three months of the year, Kiss added. (MTI-Econews)