Business
Népszabadság lay offs expected
The publisher of daily political newspaper Népszabadság, which has the largest print run in its category, has announced plans to lay off several dozen of its 140 employees. Népszabadság Rt will also restructure its network of foreign correspondents, CEO László L. Lengyel said. The changes are part of a major reorganization plan the publisher embarked on two years ago, during which 50-60 staff members were made redundant, he added. Although the newspaper's readership has been dwindling for years and is currently standing at 162,343, it was expected that severe staff cuts might not be necessary as 49% owner Ringier Kft decided to keep the company while closing down rival Magyar Hírlap. (Vg 1) P.P.
