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HATC SAMPLE EDITION:
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19th June, 2025
Large factories shed jobs in past year
Hungary’s largest industrial firms have significantly reduced headcount over the past year, Telex reports.
The 15 biggest domestic manufacturers cut a combined 4,655 jobs – an average reduction of 7.8% – between April 2023 and April 2024.
Of the companies surveyed, 11 reduced their workforce, while four moderately increased theirs.
The combined total number of employees at these companies fell from 64,446 to 59,791 in the space of a year.
Audi, Hungary’s largest industrial employer, eliminated 653 jobs. Samsung SDI, the country’s second-largest company by revenue, reduced its workforce by 631.
Mercedes-Benz, whose Kecskemét plant ranks third, was one of the exceptions, adding 68 new jobs.
The steepest reductions occurred at the Jabil plant in Tiszaújváros (down 24%), Samsung SDI’s Göd facility (18%), and SK On’s sites in Komárom and Iváncsa (34%).
The latter two have reportedly seen a sharp fall in EV battery orders, contributing to the dramatic contraction.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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