Saga Foods Layoffs Job Cut: may fire 500 employees Hungary

The news is not good for the employees of the Saga Foods. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Saga Foods Organization, which may be going for layoffs.
How many employees may be fired in the Saga Foods layoffs?
As per the reports, there can be around 500 layoffs by Saga Foods.

What is the total no. of employees of Saga Foods?
The total no. of employees of Saga Foods is arouond 1800 as of now. Hence the job cuts constitute 28% of the workforce.

What will be the cost and savings by Saga Foods layoffs?
No info about that.

When will the Saga Foods layoffs happen?
The layoffs will start by June 10 and will go on in a phased manner till November

Which locations and department of employees will be affected by the Saga Foods layoffs ?
No info is available location wise.

What is the primary reasons for Saga Foods layoffs?
Decline in orders and a contraction of Saga's markets is one of the major reasons for layoffs.

Any other news about Saga Foods layoffs
As per Portfolio, The only information the company disclosed to the press indirectly was that it would release a statement about the planned measures via a communications agency.
Let's hope that alternative jobs are available to the affected employees of Saga Foods Layoffs Job Cut