In Hungary it is apparently better to work for a multinational company than a domestic firm. In the retail sector, foreign companies will have a union presence more often than homegrown companies and if the recent bankruptcy of Paloc Nagyker (called Palocker) is anything to go by then domestic companies are more likely to leave their employees unpaid wages. Following a quarter of a century of successful business, Palocker, filed for bankruptcy on the 23rd, Sept, 2016. 1800 employees are still without most of their August/September pay and contributions, and former employees will probably have to wait up to four months, until the company is liquidated, for a financial solution to be found to pay them. The KASZ sector union put a hotline in place to help these workers whilst only 10 employees were actually union members (albeit secret members).
In 2015, the Hungarian government modified commercial legislation in order to “protect Hungarian food producers and retailers from being pushed out of the market by foreign firms who use their financial muscle to sell food at a loss”. Among the measures, which was especially aimed international retail chains including Tesco (UK) and Auchan (France), the Commercial Law was amended so that companies running at a loss for two years or more were prohibited from selling foodstuff and other...
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