Over 30% Annual Wage Increase at Budapest Airport

It is important for Budapest Airport that the employees of the BUD group should be able to count on the company even in difficult economic circumstances, which is why the airport operator increased the salaries of its employees by an average of 13% last March and by 10% in October, in an extraordinary procedure, bringing the 2023 wage increase forward, the management company of the Hungarian capital’s Ferenc Liszt International Airport says in a press release.

Part of this year's wage increase was thus already introduced last fall, and the employer, taking into account the current economic circumstances, implemented the second instalment of the wage increase in March this year, raising wages by a further 7%. The employees of the BUD group will thus take home more than 17% more on average than last fall, and the company has increased basic wages by an average of more than 30% in a year.

Budapest Airport implemented two significant wage increases last year, in response to soaring inflation and the difficult economic conditions. In March, the wages of BUD group employees increased by an average of 13% (15% in some positions) and by a further 10% in October, with a part of the 2023 wage increase being brought forward. With a part of the 2023 wage increase being brought forward, Budapest Airport employees received increased salaries earlier than usual, thus supporting their livelihoods, and in March this year, the airport operator implemented the second part of the 2023 was increase. Together with the additional 7% pay rise provided with March salaries, the wages of employees at Budapest Airport, RÜK Ltd. and BUD Security Ltd.. increased by more than 17% in six months and more than 30% in a year, on average.

The amount of the Christmas bonus and the loyalty bonus have also increased. The allowance for staff commuting to work by car from outside Budapest is rising to HUF 20/km from March, while employees from Budapest will continue to be entitled to a gross monthly travel allowance of HUF 14,286 gross, the net amount of which is equal to the price of a monthly public transport pass. For staff commuting from outside the city by train or bus, 86% of the fare is reimbursed, in line with legal provisions.

Budapest Airport also wants to support families, so in the case of paternity leave, where the father is entitled to ten working days of leave upon the birth of a child, but only 40% of the absentee pay is due after five days, the airport supplements the allowance to 100%.