The Hungarian government is launching a jobs scheme whereby retiring employees can stay on and share their experiences with younger peers.
Sándor Czomba, the state secretary for employment policy, said on Tuesday that the scheme starting in January has 2.6 billion forints (EUR 6.8m) at its disposal, and companies aiming to employ young people to replace retired staff will be eligible for a subsidy to pay a wage supplement to outgoing employees willing to train incoming staff. Trainers may receive an extra 150,000 forints each month for a year, while the companies will benefit from a subsidy of 244,500 forints, 75% of the minimum wage, to go towards the salary of their young staff.