New layoffs at Budapest airport expected to fall brutally



[ad_1]

Most of the content in the portfolio is available for free, as is this article.

However, the situation in the media market is constantly changing: if you want to support quality business journalism and want to be part of the Portfolio community, subscribe to Portfolio Signature articles. Know more

The operator of Budapest’s Liszt Ferenc International Airport informed MTI on Monday that it is expected You have to send 236 people since Budapest airport cannot maintain the number of employees, which was planned for the last 10 million layoffs planned in May. The company now expects passenger traffic to peak at 5.5 million this year.

According to the information, workers in need whose physical or mental health and social security have been in jeopardy as a result of the coronavirus epidemic will still have the opportunity to apply to the BUD Group for Employees.

They also said that in the coming months, the company will spend only on expenses necessary for the safe operation of the airport, drastically reduce the number of investments, and use existing resources for basic airport operations, as well as salaries. The operation of the Budapest airport remains stable, the financing of the company is assured, the company said.

Budapest Airport expects passenger traffic to fall to the level of 17 years ago, and in the fall and winter months it expects to fall by around 90 percent compared to the previous year’s level. Annual passenger traffic could peak at 5.5 million this year, compared to 16.2 million passengers in 2019.

Cover image source: Getty Images.



[ad_2]