We can hold out no longer, CEO says
Europe leads the way.
By the end of 2020.
Some plants introduce four-day work weeks.
Cost-cutting at work.
In order to improve efficiency.
Rationalisation on a group level in sight.
Szarvas metal works stops production, lays off staff.
And raise salaries for remaining staff.
500 people to be let go from Gyöngyös plant.
Decree published in Official Gazette.
Cabinet wants laid off personnel to find jobs in health care.
Here's the official announcement.
Reconstruction underway.
Employees will be let go also in Hungary.
Agreement with trade unions reached.
The bank is being squeezed from three sides.
In a bid to improve efficiency.
Not every segment is to be affected.