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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.

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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’.

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