MTel to axe 300 jobs in 1Q09

7 Oct 2008

Hungary’s largest telecoms group by revenues and subscribers, Magyar Telekom (MTel), intends to cut 300 staff from its workforce, the majority in the first quarter of 2009, at a cost of HUF5 billion (USD27.4 million), the company said in a statement. It is expected the job cuts will realise annualised cost saving of HUF1.8 billion in employee-related expenses.

Hungary, Magyar Telekom