Magyar Telekom , the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has reached an agreement with the trade unions on the amount of the 2025 one-off compensation, the level of 2026 pay increase, other compensations and the efficiency measures at Magyar Telekom Plc. and Telekom System Integration Ltd.
Based on the agreement, among other things, a general increase in employee salaries will be implemented effective from March 1, 2026, which is expected to result in an increase of ca. HUF 3.2 billion in employee related expenses for 2026.
Furthermore, the Company will pay a one-off remuneration for employees amounting to HUF 3.7 billion, in the fourth quarter of 2025.
At the same time, agreement has been reached with the trade unions on the termination of ca. 1.7% of the overall employment contracts, with the majority of the terminations expected to be carried out in the first quarter of 2026. Severance expenses related to these terminations will amount to approximately HUF 1.0 billion, the majority of which to be accounted for in the fourth quarter of 2025.
The agreement reflects Magyar Telekom’s commitment to Hungary’s digitalization, continued progress and maintaining the Company’s competitiveness, and that highly skilled and dedicated employees are fundamental to achieving these goals.
Top 5 Articles
Duna House Profit Climbs Nearly 70% in Q3 November 24, 2025 
'Recharge' Campaign Launched to Boost Domestic Tourism January 21, 2026 
Richter Earnings Slip as Financial Loss Weighs November 6, 2025 
Asiana Airlines to Launch Direct Seoul-Budapest Flight October 31, 2025 
Genius Automotive Hungarian Subsidiary's CEE Expansion November 2, 2025
