The government has paid the October wages of employees at steelmaker Dunaferr after owner Liberty Steel failed to, the National Economy Ministry said on Friday. The steelworks is in big trouble.
Around HUF 2bn in wages were paid to close to 3,500 employees from the Wage Guarantee Fund. The ministry said Liberty Steel had failed to fulfill its obligations, both with regard to pledged developments at the Dunaújváros steelworks and the restart of production.
Since June of 2023, Dunaferr has received a total of HUF 17.6bn of government support, it added. Liberty Steel acquired the Dunaújváros steelworks in a liquidation procedure.
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- Dunaújváros steelworks. Photo: FB/MP Dr. Lajos Mészáros
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- Photo: FB/Former MP Gergely Kálló
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- Photo: FB/Mayor Tamás Pintér
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- Photo: FB/Mayor Tamás Pintér
Read also:
- Hungary’s largest steelworks in deepening trouble – liquidation started
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