The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate Financial service activities, except insurance and pension funding Monetary intermediation 64.11 - Central banking
325 jobs Number of planned job losses
Announcement Date
22 May 2025
Employment effect (start)
22 May 2025
Foreseen end date
Description
Magyar Nemzeti Bank (MNB), Hungary’s central bank, takes various steps to enhance its efficiency. The first decision was a layoff of 15% of its personnel. Based on the employment data available on the MNB’s homepage, this entails the reduction of the workforce by more than 250 employees. The Bank will support the affected employees to find new jobs through a targeted programme, according to the press report.
Several days later, the MNB decided to close its education and conference centres in Balatonakarattya, Central Transdanubia, which will result in the layoff of a further 60 employees.
The new governor of the MNB, appointed in March, has made it a priority to focus on the core tasks laid down by law, reducing the auxiliary activities and related costs.
Eurofound (2025), Magyar Nemzeti Bank, Internal restructuring in Hungary, factsheet number 202904, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202904.
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