Report: Sunday closure means loss of 2,400 jobs
In April, the first full month following the introduction of the Sunday closure law, approximately 2,400 fewer employees worked in the retail sector in full-time work, Hungarian commercial HírTV reported late Friday.
Zsolt Semjén, Hungary’s Deputy Prime Minister and leader of Christian Democratic Party that created the law, insisted on HírTV: “It has been proven that Sunday closures did not lead to lower traffic and nobody was made redundant, what is more, due to growing traffic more people are being employed in the retail sector.”
Passed late last year, and effective as of March 15, the law dictates that retailers must close on Sundays, unless the stores are smaller than 400 sqms and are being operated by owners.
Critics have said that the law hurts foreign hypermarkets and favors local supermarket chains, such as CBA, which has a franchise ownership structure that technically means each shop is individually owned. The head of CBA is known to be a major contributor to the ruling Fidesz party.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.