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May 19, 2020

70,000 jobs to be created under new government scheme

The government has decided to launch a program aimed at providing companies with a wage subsidy to promote job creation.

 

The government has decided to launch a program aimed at providing companies with a wage subsidy to promote job creation.

Sándor Bodó, State Secretary at the ministry of Innovation and Technology, said the program, using a budget of HUF 80 billion (EUR 226m), will facilitate the employment of some 70,000 people.

Outlining the program, Bodó said that participating companies could receive the subsidy for six months and would be expected to continue employing their staff for another three months.

Employers will receive an amount of up to HUF 200,000 per month, which will increase wages by HUF 112,000, the state secretary said. The program is part of the government’s economy protection plan.