• Home
• Channel: Business
• More Companies Plan Hires than Layoffs in Hungary

More Companies Plan Hires than Layoffs in Hungary

• 14 Mar 2024 5:10 AM
• Hungary Around the Clock

Less than a third of Hungarian employers, 31%, plan new hires in the second quarter, while 22% plan to reduce headcount, according to a survey by recruitment company Manpower covering 525 employers.

By region, employment outlooks were favourable in Budapest, Central and Northern Hungary, and the Southern Great Plain.

The only region where more companies plan to reduce staff than expand the workforce is Central Transdanubia.

Demand for staff is the highest in communication services and IT.

The winning strategy for companies, according to Manpower CEO Tamás Fehér, is to retain the workforce while gradually filling vacant positions, as the labour market remains tight, and could become tighter during an economic recovery.

********************************************************************************************
You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Hire Layoff Worker

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Inquiry Started After Factory Hires Foreigners Ahead of Hungarians

• 23 Jan 2024 8:13 AM

The Economy Ministry has launched an inquiry after Asian workers were hired instead of Hungarians in a factory in Salgotarjan.



Updated: Number of Foreigners Working in Hungary Nears 100,000

• 23 Jan 2024 7:43 AM

Growing foreign direct investment and domestic full employment make it necessary for Hungary to receive an increasing number of guest workers from Asia.



Hiring Foreign Guest Workers Harms Economy, Says Budapest Mayor Karácsony

• 8 Nov 2023 7:15 AM

Employing guest workers through hiring companies will negatively impact the labour market in the long run, the mayor of Budapest said on Tuesday, adding that the city of Budapest will not allow such practices for its own companies



Labour Law in Hungary to Tighten: 'Companies Must Try to Fill All Jobs with Hungarians, Can Only Employ Foreigners if That is Not Possible'

• 9 Oct 2023 5:28 AM

The government is drafting legislation to further tighten regulations on immigration and labour of third-country citizens, the economic development ministry said.