Prime Minister’s Office : the changes in the law do not justify the steps of Tesco

According to the Prime Minister's Office, the legislative changes coming in trade do not justify Tesco’s job cuts, and behind the layoffs and store closings the parent company’s economic difficulties can be found.

The Tesco announced on Monday that the officials told more than 500 Hungarian workers, that their jobs will be terminated from 4 February, but Tesco will offer some jobs as well.

One of the new law states that stores making loss for two consecutive years will have to leave Hungary. Tesco in order to profitability, after a full strategic review of the business decided to close 13 stores – Nigel Jones, CEO of Tesco Hungary told. (MTI)