Hungarian government to launch jobs scheme helping career starters

The government is launching an jobs scheme whereby retiring employees can stay on and share their experiences with younger peers, the state secretary for employment policy said on Tuesday.

The scheme starting in January has HUF 2.6 billion (EUR 6.8m) at its disposal, and companies aiming to employ young people to replace retired staff will be eligible for a subsidy to pay a wage supplement to outgoing employees willing to train incoming staff, the ministry of economic development said, quoting Sándor Czomba in a statement.

Trainers may receive an extra HUF 150,000 each month for a year, while the companies will benefit from a subsidy of HUF 244,500, 75 percent of the minimum wage, to go towards the salary of their young staff, it added.

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Source: MTI