Hungarian Tesco to send away its employees in waves
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The British multinational company’s financial screening is to finish shortly, and the results are worrying, so the owners of the company will probably change their business policy. As a result, they can start a multi-stage dismissal in the Central European market, including Hungary.
London sources of the Hungarian daily, Magyar Nemzet, said that in the Czech Republic and Slovakia, the sales area is expected to be reduced while in Hungary, they are going to modify current jobs which might be followed by the dismissal of the employees in waves.Â
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This is because the financial screening of the wholesale supermarket chain produced worse results than the owners of the company previously expected. Magyar Nemzet got its information from the inner circles of the company, and its sources said that the leaders of Tesco already know some parts of the final financial report. There is no final number yet since the screening process did not finish in the case of the Czech Republic and Slovakia which are members of the Tesco Europa group.
However, thanks to the bad results, it is inevitable for the company to execute some
drastic measures until the end of the business year,