Three in Ten Employers Plan New Hires in Q1

Around 29% of Hungarian employers plan new hires in the first quarter of next year, a fresh survey by staffing company Manpower Hungary shows.

About 20% of companies plan to reduce headcount.

Manpower used a representative sample of 525 employers for the survey.

Executive manager Péter Varga said the cautiously optimistic expectations of companies predict a slow start to economic growth next year.

The manufacturing and trade and logistics sectors, which employ a significant number of workers, are expecting slightly below-average hiring, while automotive industry companies are expecting headcount to be unchanged in Q1, he said.