Thursday 10 September 2009

Hungarian economy looking brighter

Hungarian companies reported 2,300 mass layoffs to local labour offices in August, 1,200 fewer than in July, data compiled by the Employment and Social Affairs Office shows.

The mass layoffs in August were registered by 39 Hungarian companies. The data shows the wave of layoffs has hit light industry and the service sector, spreading from the earlier affected machinery, automotive and metal industries.

Companies registered 24,300 new job openings with employment offices in August, 3,200 more than in July.

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